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Network Rail bids for part of British Steel

Network Rail, the UK’s railway infrastructure company, is has put in a bid to acquire part of bankrupt British Steel.

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Network Rail bids for part of British Steel

Bidders have until the end of today (Sunday 30 June) to submit offers for all or part of the troubled company, which was put into compulsory liquidation in May.

 

State-owned Network Rail’s indicative offer is only for British Steel’s rail services business, which undertakes welding, finishing and storage of rails for the UK’s railway network.

 

Speaking to the BBC, a Network Rail spokesman said: “We have made an indicative offer for some railway critical assets although our overwhelming preference is that a purchaser for the entire business is found. We are very clear that our offer will not undermine that.

 

“Our role is to safely run the railway for the millions of people who rely on it every day and we are exploring all options to make sure we can continue to do that.

 

“We continue to support British Steel, working with the liquidator and any new owner of the company.”

 

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