A number of the potential buyers ... have said that we won't have much interest if we have to take over the current pension plan as it is, it's a very big plan, it's expensive compared to today's plans and it's not unreasonable for many buyers ... to say 'look we're interested in the assets but this would be an issue.'.

Business Secretary Sajid Javid

Categorized in : Mergers & Acquisitions

A number of the potential buyers ... have said that we won't have much interest if we have to take over the current pension plan as it is.

Business Secretary Sajid Javid

mergers-acquisitions

The key point is any investment would have to be on commercial terms, investment can take a variety of forms - for example it could be debt.

Business Secretary Sajid Javid

mergers-acquisitions

This is a human tragedy, when we talk about job losses in the abstract it is easy to forget that each of them represents a person. A hardworking, highly skilled man or woman.

Business Secretary Sajid Javid

mergers-acquisitions

The key point is any investment would have to be on commercial terms. Investment can take a variety of forms - for example it could be debt, i don't think it would be prudent to go into detail on that, but the goal is to find a commercial buyer with the government helping to secure that transaction.

Business Secretary Sajid Javid

mergers-acquisitions

By changing the procurement rules on these major infrastructure projects we are backing the future of UK steel - opening up significant opportunities for UK suppliers and allowing them to compete more effectively with international companies.

Business Secretary Sajid Javid

business

Royal Mail has demonstrated that Royal Mail can thrive in the private sector, royal Mail now has the ability to access the funds Royal Mail needs to ensure that Royal Mail has a sustainable future and can adapt to the changes in the postal market.

Business Secretary Sajid Javid

industrials