August 16, 2019 / 9:46 AM / a month ago

British business minister welcomes outline British Steel deal

LONDON (Reuters) - British Business Secretary Andrea Leadsom said on Friday a provisional deal with Turkish military pension fund OYAK to take over British Steel was an important step forward in ensuring the company’s future.

“The UK has a long and proud history of steel manufacturing and I am committed to a modern and sustainable future for the industry, that is productive and supports a skilled and highly valued workforce,” she said in a statement.

Reporting by Barbara Lewis; Editing by Mark Potter

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