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 […]
