Tata Steel agreed to sell its scunthorpe website to management
Backed by troubled debt investor Graybull Capital, 4,400 jobs have been saved.
Greybull, run by the mysterious Meyohas brothers, known in the UK for saving Monarch Airlines in 2014, has paid a nominal fee of £ 1 for the business, this will be supported by a £ 400 investment plan.
Half of the 400 will come from bank financing and the rest will come from Greybull and its investors.
Skensthorpe, known as Tata Changpin Europe (LPE)
Once the acquisition is completed, the department will change its name to British Steel, which is expected to be completed within eight weeks.
The name of the British Iron and Steel Company, Mark meyohaas. . .
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