LONDON, Nov 11 (Reuters) – China’s Jingye Metal has entered right into a “gross sales contract” to purchase the belongings of British Metal however the deal has not been finalised, British officers mentioned on Monday.
The Official Receiver didn’t give a worth however mentioned the 2 sides had reached a provisional settlement. Britain’s Enterprise Minister Andrea Leadsom mentioned in a video clip posted on Twitter that the takeover was not finalised however she was optimistic that it will go forward.
(Reporting by Kate Holton; modifying by Michael Holden)
((kate.holton@thomsonreuters.com; 0044 207 542 8560; Reuters Messaging: kate.holton.thomsonreuters.com@reuters.net))
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