UK investor Michael Flacks ‘very interested in British Steel takeover’

2026-02-02 - 13:45

Businessman, who says he is a ‘big, bullish believer’, would combine Scunthorpe steelworks with Italian plant Business news – latest updates The British investor Michael Flacks is reportedly “very” interested in buying British Steel and combining it with another plant in Italy, in a deal that would create one of Europe’s largest metals groups. The businessman’s Miami-based investment group, Flacks Group, specialises in buying distressed companies and is working with bankers to prepare a bid for government-controlled Scunthorpe steelworks, the Financial Times reported. Continue reading...