British Steel, the U.K.s second-largest steelmaker, has gone into liquidation, blaming uncertainty over Brexit for its demise.
The British government is now in control of the company after declining to provide it with a 30 million pound bailout and the search for a buyer has already begun.
British Steels private-equity owner, Greybull Capital, said its turnaround strategy was starting to show success but had been undermined by the U.K.s still unresolved effort to leave the European Union.
There are a number of reasons why the turnaround has been very badly blown off course but the main one is Brexit, Greybull managing partner Marc Meyohas told the Financial Times, a…
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