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Turkish military pension fund to rescue British Steel

The Turkish Armed Forces Assistance Fund, the state army pension fund for Turkey, has reached a deal to rescue troubled firm British Steel from liquidation.

British Steel put into insolvency

British Steel has collapsed and been put into liquidation, risking 5,000 jobs and threatening a further 20,000 in the supply chain. The government’s Official Receiver has now taken control of the company

British Steel enters final stages of talks with government

British Steel, the second largest producer of steel in the UK, is on the edge of going into administration as it enters the final phase of its talks with government.

Government open talks with British Steel to keep firm afloat

Ministerial talks began to prevent British Steel's collapse yesterday after it secured the backing of shareholders and lenders to survive until the end of May.

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