British Steel: Loans

(asked on 16th May 2019) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government whether, in extending credit to British Steel, they took into account (1) the management of the borrower, (2) the value for money provided by Greybull Capital in respect of their management charges and other related party transfers, and (3) the use of a capital structure by British Steel that requires interest payments to Greybull parties based offshore.


Answered by
Lord Henley Portrait
Lord Henley
This question was answered on 29th May 2019

I refer the noble Lord to the answer I gave to him on 10 May 2019 to Question HL15469.

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