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Half of the profits from the sale of British Steel will get accountant Ernst & Young

Europe / Business and Finance

External control of the second largest steel company in the UK costs the government £ 1 million a week.

Half of the profits from the sale of British Steel will get accountant Ernst & Young

Accountants Ernst & Young (EY) carrying out external control of the second largest metallurgical enterprise in the UK pay 1 million pounds (1.3 million USD) a week, the newspaper reports Sunday Telegraph.

British audit and consulting company EY had gone to the factory in may this year, after the owner of British Steel's investment Fund Greybull Capital has announced that the company went bankrupt due to the failure of the British government to grant it a loan of £ 30 million for the environmental tax.

In the publication estimates that during the work at the enterprise accountants EY were paid about £ 30 million, accounting for nearly half of predlojennyh for British Steel Group Jingye Chinese 70 million pounds.

the Official receiver and the special Manager from EY on Monday confirmed that it has signed with a UK registered subsidiaries of China Jingye Group a contract for the sale of the assets of British Steel Limited (BSL), including steel plants in Scunthorpe, British plants and shares of FN Steel BV, British Steel France Rail SAS and TSP Engineering. The sale also includes the shares owned by BSL in Redcar Bulk Terminal Limited.

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