Cengiz Holding is claimed to be in operation for Brtitish Steel, which has attracted attention due to its huge debts and which Ataer Holding, which is affiliated with OYAK, has also been interested in the past months.
According to the news in The Guardian; British Steel, which states that it was sold to Chinese Jingye after OYAK, has roughness.
The report emphasized that the British public authority kept Cengiz Holding at the sales desk due to the roughness in sales.
The spokesperson of the British public authority (BEIS), who conducted the sales process, and Cengiz Holding did not make a statement on the subject.
The Guardian announced the news to its readers with the headline ‘If Jingye’s offer fails, Cengiz is on hold to buy British Steel’.
WHAT HAPPENED?
Ataer Holding, a subsidiary of OYAK, attempted to purchase British Steel in 2019. Upon OYAK abandoning the sale of the British public company, the Chinese Jingye Group became involved and became the owner of the company for approximately 70 million pounds.
About 4,000 British citizens work at British Steel. For this reason, the UK government is sensitive to whom the company will be sold to.
WITHIN 150 YEARS OLD
British Steel, which was founded 150 years ago, has an annual production capacity of 4.5 million tons of crude steel. The company produces around 1500 steel types.
The company, which entered the financial bottleneck on May 21, 2019 and was put up for sale through official authorities on the same date, nearly 80 steel producers from around the world, especially European producers, were aspired.
ABOUT CENGİZ HOLDING
In recent years, the state received noteworthy for its projects in Turkey’s Istanbul Airport Cengiz Holding in the consortium. The company, which started its operations in 1987 with the establishment of Cengiz İnşaat, has an annual turnover of more than 5 billion dollars. Mehmet Cengiz is the Chairman of Cengiz Holding’s Board of Directors.
