The Government will step in as administrator if factory cannot secure BlackRock rescue deal
The Government will step in as administrator if factory cannot secure BlackRock rescue deal
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Last-ditch deal with US investment firm could safeguard up to 1,500 jobs at Yorkshire plant
The government has taken control of the plant until a buyer is found
Without immediate and continuing government support, the steel industry’s existence could be measured in months
Move sets up clash between metals magnate and creditors including UBS that are owed hundreds of millions of dollars
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Scunthorpe factory expropriated from China’s Jingye and ministers will ask a valuer to assess compensation
