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Bain, Oaktree in talks to fund some of Gupta's Australian units


Bain, Oaktree in talks to fund some of Gupta’s Australian units
Luca Casiraghi and Jack Farchy
Apr 22, 2021 – 4.15am
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Bain Capital Credit, Oaktree Capital Group and White Oak Global Advisors are in talks to refinance some of Sanjeev Gupta’s borrowing from Greensill Capital at some of his Australian businesses.
The funds have been carrying out due diligence to provide at least $430 million to GFG Alliance’s Australian Mining and Primary Steel units, including the Whyalla steel mill in the south of the country, according to people familiar with the matter.
One of the funds could conclude a deal with GFG as soon as early May, said the people, who asked not to be named because the talks are private. There is no certainty the talks will result in a deal, the people said. ....

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Greensill liquidators in Australia to investigate directors after company wound up


Greensill liquidators in Australia to investigate directors after company wound up
Ben Butler
© Provided by The Guardian
Photograph: Oli Scarff/AFP/Getty Images
The Australian company that sat atop the globe-spanning Greensill finance empire will be wound up owing $4.9bn allowing liquidators to investigate its collapse.
At a meeting on Thursday, creditors of Greensill Capital voted 23 to 0 – with three abstentions – in favour of winding up the company.
Liquidators from accounting firm Grant Thornton have previously said areas requiring further investigation include hundreds of millions of dollars of transactions between Greensill Capital and a trust controlled by Peter Greensill, the brother of company founder and Bundaberg sugar farmer Lex Greensill. ....

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Hankejuhtimine | Ettevõtete eri osakondade vähene huvi ei lase projekte lõpule viia

Hankejuhtimine | Ettevõtete eri osakondade vähene huvi ei lase projekte lõpule viia
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Gladstone hydrogen hub in $539.2m national renewables plan


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Gladstone’s push to be at the pinnacle of the global renewable hydrogen industry continues to solidify with news the city will be one of five ‘hubs’ in the Federal Government’s $539.2 million clean hydrogen and carbon capture technologies program.
The port city’s skilled workforce, port and gas infrastructure, proximity to energy resources and large scale industrial demand factors resulted in Gladstone being listed as a ‘highly prospective’ hub location.
The announcement follows the progressive development of Hydrogen Park Gladstone and the March agreement between Japan’s Sumitomo Corporation, and multiple local and national partners, to develop the world’s first hydrogen ecosystem at Gladstone. ....

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