--Jingye Group-owned British Steel could be nationalized by the U.K. government in order to secure its future, the Financial Times reports, citing unnamed sources.
--U.K. Treasury Chief Rachel Reeves has told workers' representatives that she would be open to nationalizing the loss-making company, according to the FT.
--The government is currently looking into buying the raw materials immediately needed to keep the furnaces at the company's Scunthorpe site running in the short term, the FT reports. British Steel declined to comment.
Full story: https://shorturl.at/yynC0
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
April 09, 2025 02:10 ET (06:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。