U.K. Says It Will Consider Other Buyers for British Steel

Exclusive talks between the U.K.’s Insolvency Service and Turkey’s Ataer Holdings about a sale for British Steel have ended without a deal, Bloomberg News reported. The official receiver for the company, who is managing the sale, will hold discussions with other parties and the potential buyers are expected to visit British Steel sites in the coming days, the insolvency service said on Wednesday. Talks with Ataer, which co-owns steelmakers in Turkey, are continuing as well. "I remain focused on achieving a sale of the business and assets of British Steel as quickly as possible, to achieve the best possible outcome for the company’s creditors," according to statement from the receiver. Read more