British Steel set to turn a profit just months after being rescued by private equity firm



British Steel is set to turn a profit this year – just months after being bought by private equity firm Greybull Capital.
Tata's steelworks in Scunthorpe was purchased by Greybull, which launched a turnaround plan.
It is run by Marc Meyohas and brother Nathaniel, the secretive French brothers who set up the firm with Swede Richard Perlhagen.
Investments have included Plessey Semiconductors, retailer Game Group and holiday airline Monarch.
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29 September 2016 in Business, Views: 45
Source: Daily Mail
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