BUSINESSDEUTSCHE WELLE
China firm seeks damages over state control of British Steel
The UK government nationalized British Steel to prevent its closure. China's Jingye Group, which acquired the company in 2020, is seeking compensation for the state takeover.
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Adjacent reporting
- Chinese company demands compensation from the UK over British Steel nationalization
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- China warns UK over British Steel nationalisation, demands fair resolution
- China hits out at Government for nationalising British Steel from Chinese firm to protect future of blast furnaces
- UK nationalizes Chinese-owned British Steel to protect nation’s steelmaking capacity
- China’s Jingye demands payout over British Steel nationalisation