SIR David Murray and his long-standing lieutenant Donald Wilson are in discussions about a possible multi-million-pound deal for one of the brightspots in the Murray business empire.

Mr Wilson is exploring a management buyout of Edinburgh-based Premier Hytemp, cited recently by Scottish Enterprise as a flagship for international growth.

The speciality steels business focused on the oil and gas industry hiked turnover by one-third to £52 million last year, and employs 165 with outposts in Sheffield, Singapore and Houston. It made a pre-tax loss of £1.6m last year.

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