A deadline for bids for the stricken British Steel has been pushed back to the end of the month to allow prospective buyers more time to prepare offers, according to people briefed on the matter.
The official receiver overseeing the liquidation of the UKs second-largest steelmaker had originally called for bids to be made by next Wednesday 12th June, but this has now been extended until around the 30th, said three people.
British Steel fell into insolvency two weeks ago after its pleas for a second government bailout were rejected, throwing into doubt some 5,000 jobs and the future of the large Scunthorpe plant in North Lincolnshire.
Ministers had earlier lent the company 120m to buy carbon credits to cover its emissions, after the del…
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