{"id":2158,"date":"2019-08-18T09:28:52","date_gmt":"2019-08-18T09:28:52","guid":{"rendered":"http:\/\/kjtehrani.com\/en\/?p=2158"},"modified":"2019-08-18T09:28:52","modified_gmt":"2019-08-18T09:28:52","slug":"trending-now-oyak-signs-exclusivity-agreement-to-buy-british-steel","status":"publish","type":"post","link":"https:\/\/kjtehrani.com\/en\/trending-now-oyak-signs-exclusivity-agreement-to-buy-british-steel\/","title":{"rendered":"Trending now: Oyak signs exclusivity agreement to buy British Steel"},"content":{"rendered":"\n<table class=\"wp-block-table\"><tbody><tr><td>Oyak Group has signed an exclusivity agreement to buy British Steel, a spokesperson for the Turkish military pension fund tells&nbsp;<strong>Kallanish<\/strong>. Its subsidiary Ataer Holding has received exclusivity to conduct a detailed financial, legal and operational review for a period of two months, scheduled for completion at end-September. The acquisition is expected to be finalised by year-end.During the exclusivity period, Ataer Holding will hold close negotiations with British Steel\u2019s customers, suppliers, employees and trade unions.Oyak General Manager S\u00fcleyman Savas Erdem says: \u201cWe, as Oyak, Turkey\u2019s largest professional pension fund, believe in the importance of merging world league players into our Group. Accordingly, we have achieved one of the biggest achievements of the Turkish steel industry and signed a preliminary agreement to buy the industrial giant of UK, British Steel. We, will continue to evaluate opportunities globally in line with our growth-oriented vision and we will continue our investments to provide sustainable high benefit to our members.\u201dOyak Mining Metallurgy Group Head Toker \u00d6zcan adds: \u201cThrough the acquisition of British Steel, our Group will increase its effectiveness in the value chain and the weight of value-added products in its final product portfolio. We will continue to monitor global markets and take proper actions to contribute to our strategic goals. The acquisition of British Steel under the Ataer umbrella is the first step taken in the future plans of our Group. Our priority will be to increase the production capacity and to invest in clean steel production in British Steel.\u201dScunthorpe-based British Steel has a 4.5 million tonnes\/year crude steel capacity allocated to production of speciality long steel products including high-quality rail, sections and wire rod. Ataer owns a 49.3% stake Turkey\u2019s largest steelmaker, Erdemir, which counts billet and wire rod among its product range, but is predominantly a flat steelmaker.<\/td><\/tr><\/tbody><\/table>\n","protected":false},"excerpt":{"rendered":"<p>Oyak Group has signed an exclusivity agreement to buy British Steel, a spokesperson for the Turkish military pension fund tells&nbsp;Kallanish. Its subsidiary Ataer Holding has received exclusivity to conduct a detailed financial, legal and operational review for a period of two months, scheduled for completion at end-September. The acquisition is expected to be finalised by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,21],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trending now: Oyak signs exclusivity agreement to buy British Steel - Keyvan Jafari Tehrani<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kjtehrani.com\/en\/trending-now-oyak-signs-exclusivity-agreement-to-buy-british-steel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trending now: Oyak signs exclusivity agreement to buy British Steel - Keyvan Jafari Tehrani\" \/>\n<meta property=\"og:description\" content=\"Oyak Group has signed an exclusivity agreement to buy British Steel, a spokesperson for the Turkish military pension fund tells&nbsp;Kallanish. Its subsidiary Ataer Holding has received exclusivity to conduct a detailed financial, legal and operational review for a period of two months, scheduled for completion at end-September. The acquisition is expected to be finalised by [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kjtehrani.com\/en\/trending-now-oyak-signs-exclusivity-agreement-to-buy-british-steel\/\" \/>\n<meta property=\"og:site_name\" content=\"Keyvan Jafari Tehrani\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-18T09:28:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kjtehrani.com\/en\/wp-content\/uploads\/2019\/08\/kj07.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"552\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kjtehrani.com\/en\/trending-now-oyak-signs-exclusivity-agreement-to-buy-british-steel\/\",\"url\":\"https:\/\/kjtehrani.com\/en\/trending-now-oyak-signs-exclusivity-agreement-to-buy-british-steel\/\",\"name\":\"Trending now: Oyak signs exclusivity agreement to buy British Steel - Keyvan Jafari Tehrani\",\"isPartOf\":{\"@id\":\"https:\/\/kjtehrani.com\/en\/#website\"},\"datePublished\":\"2019-08-18T09:28:52+00:00\",\"dateModified\":\"2019-08-18T09:28:52+00:00\",\"author\":{\"@id\":\"https:\/\/kjtehrani.com\/en\/#\/schema\/person\/3c8615bec78fb52c1476c9987e23179d\"},\"breadcrumb\":{\"@id\":\"https:\/\/kjtehrani.com\/en\/trending-now-oyak-signs-exclusivity-agreement-to-buy-british-steel\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/kjtehrani.com\/en\/trending-now-oyak-signs-exclusivity-agreement-to-buy-british-steel\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/kjtehrani.com\/en\/trending-now-oyak-signs-exclusivity-agreement-to-buy-british-steel\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/kjtehrani.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trending now: Oyak signs exclusivity agreement to buy British Steel\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/kjtehrani.com\/en\/#website\",\"url\":\"https:\/\/kjtehrani.com\/en\/\",\"name\":\"Keyvan Jafari Tehrani\",\"description\":\"Personal Website\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/kjtehrani.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/kjtehrani.com\/en\/#\/schema\/person\/3c8615bec78fb52c1476c9987e23179d\",\"name\":\"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/kjtehrani.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b29d20fbd9fa444ac77fbfcdbddba504?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b29d20fbd9fa444ac77fbfcdbddba504?s=96&d=mm&r=g\",\"caption\":\"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc\"},\"description\":\"Keyvan is the owner and CEO of Jame Tejarat Company (JTC) since its establishment in 2002. He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. 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He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. 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