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Chinese Owner of British Steel Seeks Compensation After State Takeover
Summary by China Economic Review
2 Articles
2 Articles
Chinese owner of British Steel seeks compensation after state takeover
Chinese steelmaker Hebei Jingye has initiated consultation procedures with the UK government under a bilateral investment treaty, seeking compensation for losses after the state takeover of British Steel, reports Caixin. Jingye acquired British Steel in March 2020 for about £53 million (nearly $70 million), gaining control of a company with an annual crude steel production capacity […]
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Coverage Details
Total News Sources2
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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