Oyak Poised to Buy British Steel

Posted on 08/16/2019

Oyak is the Turkish military pension fund. Oyak reached a preliminary agreement to acquire British Steel out of insolvency. Some of the reported deal terms, which have not been verified, include Oyak buying British Steel for £70 million and agreeing to invest another £900 million to double steel production capacity. Oyak already holds major stakes […]

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