Belfast Telegraph

Suitors line up for sale of British Steel

Worker numbers in the steel industry plunged in the late 70s (Danny Lawson/PA)
Worker numbers in the steel industry plunged in the late 70s (Danny Lawson/PA)

By Alan Jones

Good progress is being made in identifying potential buyers for British Steel, the official receiver has said.

Multiple parties have signed non-disclosure agreements giving them access to detailed information, and expressions of interest are due by early next month.

A statement said: "The indemnity provided to me has enabled British Steel to continue to trade and the company retains good support from its customers.

"I would like to thank the workforce for their ongoing support.

"All staff have been retained and continue to be paid."

The company operates an Ireland Service Centre from Lisburn, which employs around 36 people.

British Steel was wound up in the High Court last week and special managers were appointed. They have made contact with more than 80 potential trade purchasers of the business, 60 of whom have been sent non-disclosure agreements.

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