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Two bidders in running for Cleveland Bridge takeover
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Administrators scramble to find new buyer for Wembley arch builder
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Production to restart at crisis-hit Darlington s Cleveland Bridge
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Cleveland Bridge collapse | Administrators report significant interest from potential buyers
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Saudi-owned Cleveland Bridge up for sale as Covid crisis bites
RIYADH, 16 hours, 23 minutes ago Leading UK steel fabricator Cleveland Bridge, which is owned by Saudi-based Al Rushaid Group, has fallen into administration, reported
the Construction Index. The collapse for the top British engineering group came after Covid caused delays to several of its global infrastructure projects. Joint Administrators Martyn Pullin, David Willis, and Iain Townsend of specialist business advisory firm FRP have been appointed to help save the steel fabricator, which has 221 staff at its Darlington headquarters and satellite office in Newport, opened in 2018. The business also has nearly 100 contracted workers on its books.