Gupta to inject £50m into UK steel plants after Australia restructuring

Metal tycoon Sanjeev Gupta agrees on a significant financial restructuring of Australian steel mills, investing £ 50 million in new funding for its UK plant, ending months of uncertainty for thousands of workers Let me. The deal has been competing to find new funding for his global metal and energy empire, the GFG Alliance, since its major lender, Greensill Capital, collapsed into power in March. It provides Gupta with the long-awaited breathing space. In a meeting with an existing creditor...
Read more...

;