P529ORACLE 529 Mon24 Feb C4 1702:55   SELL-OFF BY  BRITISH STEEL A £1.5m de-nationalisation sell-off has been announced by the British Steel Corporation. Agreement has been reached in principle for Distington Engineering and Contracting to be sold to Davy Corp, an engineering and plant construction firm British Steel said the sale was part of its policy of privatising peripheral business to concentrate on its main iron and steel-making activities. Distington is a 140-strong design and project management organisation based at Workington, Cumbria. Davy said it would keep present staffing levels. City headlines 500 Newsfile 520