Turkish: Ataer Holdings and British Steel

turkish: What went wrong at British Steel Read more Several sources said the frontrunner was Ataer Holdings, owned by the Turkish military pension fund Oyak, which is also the largest shareholder in the Turkish steelmaker Erdemir, according to The Guardian. The Guardian has approached Oyak for comment. Three bidders remain in the running to buy the company, but a source who took part in a conference call with the business secretary, Andrea Leadsom, on Thursday morning said two were likely to be excluded imminently. The government's official receiver, David Chapman, and the accountancy firm EY, who are managing the sale, are likely to name Ataer as the preferred bidder within days. Sources close to the situation said the chances of such support being forthcoming had been boosted by the change of government, highlighting the appointment of Simon Clarke as exchequer secretary to the Treasury. A period of due diligence would follow, with the likelihood of a final deal likely to be contingent on the extent of the government's financial support. (news.financializer.com). As reported in the news.