Sanjeev Gupta's finance chief quits
Steel tycoon's GFG Alliance strikes Australian rescue deal with Californian lender, whose British arm "cuts red tape"
Source: telegraph.co.uk
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Liberty Steel unveils new top team | South Wales Argus
Greensill was the largest lender to steel magnate Sanjeev Gupta’s GFG Alliance – the parent company of Liberty Steel – and its failure put in jeopardy some 5,000 jobs in the UK. Liberty has been forced to seek urgent financing, with the UK Government rejecting its appeal for a £170 million bailout in March. Liberty said the director appointments mark a “step forward” in its response to the Greensill collapse. It said: “This restructuring combined with the continuing strength in steel and iron ore markets will present a solid basis for the future of Liberty. ” The firm...
Source: southwalesargus.co.uk