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

todayFebruary 2, 2026

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Businessman, who says he is a ‘big, bullish believer’, would combine Scunthorpe steelworks with Italian plant

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.

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Source: www.theguardian.com

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Written by: truelightfm

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