MOD in talks to take over Sheffield Forgemasters...

[ollie989898]

Reuters | Breaking International News & Views

Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage.

uk.reuters.com

(Reuters) - Britain is working on a plan to take control of one of Britain’s oldest steelmakers to secure the supply chain for the country’s nuclear submarine fleet, Sky News reported on Saturday.

The Ministry of Defence (MoD) had enlisted Deloitte to advise it on the talks with privately-owned Sheffield Forgemasters, Sky News said, citing steel industry sources.


The MoD could not immediately be reached for comment.

An outright takeover of Sheffield Forgemasters, which traces its history back to a small blacksmith’s forge in the 1750s, was only one of a number of options being considered, and that any agreement was likely to be several months away, Sky News said...

 

[czechmate]

Reuters | Breaking International News & Views

Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage.

uk.reuters.com

(Reuters) - Britain is working on a plan to take control of one of Britain’s oldest steelmakers to secure the supply chain for the country’s nuclear submarine fleet, Sky News reported on Saturday.

The Ministry of Defence (MoD) had enlisted Deloitte to advise it on the talks with privately-owned Sheffield Forgemasters, Sky News said, citing steel industry sources.


The MoD could not immediately be reached for comment.

An outright takeover of Sheffield Forgemasters, which traces its history back to a small blacksmith’s forge in the 1750s, was only one of a number of options being considered, and that any agreement was likely to be several months away, Sky News said...

 

[manhill]

Reuters | Breaking International News & Views

Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage.

uk.reuters.com

(Reuters) - Britain is working on a plan to take control of one of Britain’s oldest steelmakers to secure the supply chain for the country’s nuclear submarine fleet, Sky News reported on Saturday.

The Ministry of Defence (MoD) had enlisted Deloitte to advise it on the talks with privately-owned Sheffield Forgemasters, Sky News said, citing steel industry sources.


The MoD could not immediately be reached for comment.

An outright takeover of Sheffield Forgemasters, which traces its history back to a small blacksmith’s forge in the 1750s, was only one of a number of options being considered, and that any agreement was likely to be several months away, Sky News said...

Phew! Glad someone is thinking ahead. Won't need to buy from China now.

 

[ollie989898]

Phew! Glad someone is thinking ahead. Won't need to buy from China now.

This would appear to be nationalisation by the back door. Are you in favour of that?

 

[manhill]

This would appear to be nationalisation by the back door. Are you in favour of that?
[/QUOTE

Only where it's necessary for our defences.