British Steel’s Chinese owners weigh attempt to recover millions in debts

Jingye Group thought to have engaged PwC as advisers after government took over UK company’s operationsBusiness live – latest updatesThe Chinese owners of British Steel are gearing up to try to recover hundreds of millions of pounds of loans from the company after the UK government took over its operations.Jingye Group said it was assessing the chances of recovering hundreds of millions of pounds in debts owed to it by British Steel, and is thought to have engaged advisers at the accountancy firm PwC to work out a valuation for the business. Continue reading...

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