Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 12-03-2020 | Practice Area: | Corporate and M&A |
| Deal Title: | Jingye Group Completed Acquisition of British Steel | Industry: | Industrial Metals and Mining |
| Description: |
Linklaters advised Chinese steelmaker, Jingye Group, on its completed acquisition of British Steel's UK and Netherlands assets. This was a strategically significant transaction, that marked the beginning of the internationalisation of Jingye after navigating one of the largest and most complex industrial insolvency sales in the UK.
Jingye Group, a leading Chinese steelmaker, secured British Steel's long=term future after pledging to invest GBP1.2 billion to place the business on a more competitive and sustainable footing. Key initiatives announced as part of the completion of the deal included the development of an Electric Arc Furnace in Teesside and the construction of a new 250MW power plant to serve the Scunthorpe site.
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| Financial Center: | London | Value: | 0.00-0.00 |
| Advised Party: | Acquiror | Law Firm | Linklaters |
| Target Company Jurisdiction: | United Kingdom | Acquiror Jurisdiction: | China |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Chris Staples |
