The investment firm at the centre of British Steels collapse is considering buying a troubled steelworks in Poland, according to people briefed on the matter.
Greybull Capital, which was criticised after the UKs second-largest producer of the metal fell into insolvency under its ownership, has been in talks over a potential acquisition of the ISD Huta Czstochowa mill.
British Steel entered compulsory liquidation in late May after its request for a second emergency loan from the government was refused, jeopardising some 5,000 jobs, largely at the giant Scunthorpe plant in north Lincolnshire.
It is now under the control of the official receiver, a civil servant who is overseeing day-to-day operations as a buyer is sought.
Despite t…
Read the full article at: https://www.ft.com/content/1c141188-8976-11e9-a028-86cea8523dc2
