The Chinese owner of British Steel has called on the UK government to “respect and protect” its rights as a foreign investor after ministers dramatically seized control of the company over the weekend.
In a statement to the FT issued by Zengwei An, chief executive of Jingye British Steel, the company expressed its “understanding” for the emergency law passed on Saturday after ministers made the rare decision to recall parliament.
But the company added — in its first public comments on the saga — that it “request[s] that the UK government respect and protect the legitimate rights and interests of Jingye as a foreign investor throughout this process”.
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