Ministers prepared to take minority stake of up to 25% and offer debt relief to private buyer,in effort to save businessThe government is alert to section-nationalise Tata’s UK steel assets and offer hundreds of millions of pounds in debt financing if a private buyer can be found.
Ministers unveiled their proposals for a package of support after Sajid Javid, the business secretary, or said final week that the government was prepared to “co-invest” in British steel.
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Source: theguardian.com