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Port_talbot_large.jpg?profile=RESIZE_710xThe Official Receiver is to announce this week that an investment arm of Turkey's armed forces pension fund is the preferred bidder for British Steel.

Ataer Holding would then be given several weeks to try to buy British Steel - the owner of the Scunthorpe works - out of insolvency.

British Steel was put into compulsory liquidation in May, when the Official Receiver was appointed.

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BBC News

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