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Turkey's Oyak says acquisition talks with British Steel ended

Mon, 11th Nov 2019 11:28

ISTANBUL, Nov 11 (Reuters) - Turkish army pension fund Oyak
said on Monday that its subsidiary Ataer Holding had ended talks
to buy British Steel after deciding the acquisition was not
commercially viable.

Turkey's military pension fund OYAK had reached a
provisional agreement to take over British Steel. But the deal
was in jeopardy as exclusive negotiations with Oyak approached a
deadline in October without an agreement.
(Reporting by Ceyda Caglayan; Writing by Ali Kucukgocmen;
Editing by Jonathan Spicer)

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