Middle Eastern business eyes possible takeover of insolvent steel group
A United Arab Emirates-based steel company is reportedly looking to buy Speciality Steels UK (SSUK), months after it was declared insolvent and taken over by the Official Receiver.
Sky News says it understands Abu Dhabi-headquartered Arabian Gulf Steel Industries (AGSI) is among a small number of interested parties which have proposed acquiring SSUK.
Until last summer, SSUK was owned by metals tycoon Sanjeev Gupta's Liberty Steel empire.
The business fell into compulsory liquidation in August last year. SSUK runs steelworks... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
