UK investor Michael Flacks ‘very interested in British Steel takeover’
Comments Off on UK investor Michael Flacks ‘very interested in British Steel takeover’Businessman, who says he is a ‘big, bullish believer’, would combine Scunthorpe steelworks with Italian plant
The British investor Michael Flacks is reportedly “very” interested in buying British Steel and combining it with another plant in Italy, in a deal that would create one of Europe’s largest metals groups.
The businessman’s Miami-based investment group, Flacks Group, which specialises in buying distressed companies, is working with bankers to prepare a bid for government-controlled Scunthorpe steelworks, the Financial Times reported.