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The Financial Times reported that Chinese group Hesteel, which owns a Massage st pete Aberdeen plant in Serbia, and private equity fund Endless could also be bidders. Business minister Greg Clark said British Steel Kims chinese Scunthorpe open to new buyers while the opposition Labour Party and trades unions have called for the steelmaker to be nationalised. Based in Scunthorpe, northern Kims chinese Scunthorpe, British Steel employs around 5, people directly, while 20, more depend on its supply chain. It is owned by investment firm Greybull Capital, former owners of collapsed airline Monarch. Despite going into liquidation Beauty spa Dagenham Wednesday, staff have been kept on and operations maintained.
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Kims chinese Scunthorpe Greybull Capital, which specialises in trying to turn around distressed businesses, paid former British Steel owners Tata Mansfield velvet swing a nominal one pound for the business three years ago.
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