Sanjeev Gupta’s Liberty Steel to sell UK assets to stay afloat
Liberty Steel in talks with Credit Suisse about a standstill deal for its Australian unit
24 May 2021 - 20:33
London — Tycoon Sanjeev Gupta’s Liberty Steel Group said on Monday it would sell several UK assets and was holding talks with Credit Suisse about a standstill deal for its Australian unit after the collapse of Liberty's key lender Greensill Capital.
Gupta’s family conglomerate had been seeking refinancing of its cash-starved web of businesses in steel, aluminium and energy after supply chain finance firm Greensill filed for insolvency in March...
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