British Steel: provisional deal with Turkish bidder could save 4,000 jobs

  The Guardian 

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Full transfer of ownership to pension fund Oyak expected to take place before end of year The Turkish military pension fund Oyak has confirmed that it has reached a provisional deal to buy British Steel, in a rescue that could save 4,000 jobs. Oyak on Friday said its subsidiary, Ataer Holding, will have exclusive rights to carry out due diligence on British Steel for two months, Reuters reported.
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