British Steel: Takeover set to be completed
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A Chinese firm is set to complete its takeover of British Steel on Monday.
Jingye Group previously said that it would save more than 3,000 jobs in Scunthorpe and Teesside and modernise the towns’ steelworks.
The firm reportedly offered £50m to buy the company after it collapsed and was placed under the control of the UK Insolvency Service last year.
Unions have…