Czech energy group hints at combined bid for British Steel and Speciality Steel UK
Comments Off on Czech energy group hints at combined bid for British Steel and Speciality Steel UKExclusive: Sev.en Global Investments could turn state-owned businesses into Britain’s biggest steelmaker
The owner of the UK’s largest electric steelworks has said the government should find a single buyer for British Steel and Speciality Steel UK (SSUK), a move that would create the country’s biggest steelmaker.
Sev.en Global Investments, owned by the Czech billionaire Pavel Tykač, said it not only plans to invest £100m in the UK – mainly in the electric arc steelworks in Cardiff it bought last year – but also has the ability to invest “hundreds of millions of pounds” more in Britain under its 7 Steel brand.