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Coventry manufacturer Liberty Pressing Solutions up for sale, owner confirms

Coventry manufacturer Liberty Pressing Solutions up for sale, owner confirms
They have said the business, formerly known as CovPress, is non-core to Liberty’s vision
The company is part of Liberty Steel Group
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The owners of a Coventry manufacturer have confirmed the process of selling Liberty Pressing Solutions and Liberty Aluminium Technologies has began. ....

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Liberty Steel announces sale of aerospace steel arm

Liberty Steel has said it is looking to sell some of its steel plants, including its prominent Stocksbridge plant, which employs about 750 staff.
It follows meetings over the weekend between boss Sanjeev Gupta and Credit Suisse, which lost over £1billion when Liberty Steel s main backer - Greensill Capital - collapsed in March.
The Swiss investment bank has initiated wind-up orders against the company but has now agreed to suspend court proceedings to allow the financially struggling Liberty to pursue the sale of its plants.
Liberty Steel will also sell its Pressing Solutions and Aluminium Technologies businesses
Liberty said offloading the companies would enable it to refinance and restructure the business and allow it to concentrate more on its Rotherham operations, which recycles old steel and employs around 660 people. ....

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Jobs fears as Sanjeev Gupta puts seven UK steel plants up for sale

The near-collapse of Liberty, which has sent shockwaves through Britain s steel industry, came after its major lender Greensill tumbled into administration in March.
Gupta, 50, is being investigated by the SFO over suspected fraud, fraudulent trading and money laundering and GFG s financing arrangements with Greensill.
The planned sale of various Liberty plants came after representatives from Credit Suisse, which is owed millions of pounds by GFG through Greensill, met with Gupta in Dubai where he has holed up during the pandemic.
In tense talks throughout the weekend, Credit Suisse and Gupta (pictured) made significant progress in agreeing a deal to get the bank and its clients their money back. ....

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Liberty Steel announces sale of aerospace steel arm

Liberty Steel announces sale of aerospace steel arm
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

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Jobs fears as Sanjeev Gupta puts seven UK steel plants up for sale

Jobs fears as Sanjeev Gupta puts seven UK steel plants up for sale
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

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