Liberty Steel news headlines & Sanjeev Gupta press reports.

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Gupta pays USD 25 million to end long-running spat with Rio Tinto
Fri, 30 Jul 2021 22:35:00 GMT
Sanjeev Gupta has paid USD 25 million to Rio Tinto Group to settle a long-running dispute over the final payment for an aluminum smelter he bought from the mining giant in
https://www.miningweekly.com/article/gupta-pays-25m-to-end-long-running-spat-with-rio-tinto-2021-07-30


Hambro Leaves Sanjeev Gupta's GFG After Clash on Aluminum Deal
Mon, 26 Jul 2021 21:15:00 GMT
Jay Hambro, chief investment officer at Sanjeev Gupta's GFG Alliance, is leaving the group after falling out with his boss over the sale of its aluminum assets, according to people familiar with the
https://www.bloomberg.com/news/articles/2021-07-26/hambro-leaves-sanjeev-gupta-s-gfg-after-clash-on-aluminum-deal


Questions pile up for Gupta after 'deeply discourteous' inquiry ...
Wed, 14 Jul 2021 18:30:00 GMT
MPs on the parliamentary business committee have written to steel tycoon Sanjeev Gupta criticising his 'deeply discourteous' decision not to appear before an enquiry into embattled Liberty
https://www.cityam.com/questions-pile-up-for-gupta-after-deeply-discourteous-inquiry-snub/


Greensill Capital paid David Cameron salary of over $1 million ...
Mon, 12 Jul 2021 21:00:00 GMT
Collapsed finance group Greensill Capital paid a salary of more than $1 million a year to former British Prime Minister David Cameron, the Financial Times - reported on Monday, citing people familiar with the
https://www.reuters.com/business/finance/greensill-capital-paid-david-cameron-salary-over-1-million-year-ft-2021-07-12/


Gupta inks $450m lifeline deal with Glencore and Trafigura to ...
Fri, 09 Jul 2021 19:00:00 GMT
Metals magnate Sanjeev Gupta's GFG Alliance has reportedly struck a loan deal with commodities giants Glencore and Trafigura to safeguard its aluminium division from looming
https://www.standard.co.uk/business/energy-mining/gupta-glencore-trafigura-fionance-greensill-deal-b944991.html


Sanjeev Gupta confirms financing of 'prospective' invoices
Wed, 07 Jul 2021 18:00:00 GMT
GFG Alliance boss Sanjeev Gupta has told a British parliamentary inquiry that some of his financing arrangements with Greensill Capital were based on invoices that were expected to be generated in the future, and that most of his businesses have been hurt
https://www.afr.com/companies/financial-services/sanjeev-gupta-confirms-financing-of-prospective-invoices-20210707-p587kz


Gupta turns to Glencore for finance
Sat, 03 Jul 2021 13:00:00 GMT
Sanjeev Gupta's GFG Alliance is again pursuing a deal with Glencore to refinance his European aluminium business, which includes Europe's largest aluminium smelter at Dunkirk. An agreement to forward-sell aluminium production to the commodities group could enable Gupta's embattled conglomerate to avoid selling its aluminium assets
https://www.thetimes.co.uk/article/gupta-turns-to-glencore-for-finance-8gcfhghfb


Gupta averts JLR supplier's insolvency with GBP 10m loan repayment
Fri, 02 Jul 2021 06:00:00 GMT
The industrialist Sanjeev Gupta has struck a deal to avert the collapse of an arm of his steelmaking empire which is a key supplier to Jaguar Land Rover, the car manufacturer. Sky News has learnt that Mr Gupta's GFG Alliance has repaid
https://news.sky.com/story/gupta-averts-jlr-suppliers-insolvency-with-10m-loan-repayment-12346573


GFG Alliance advisory board has only met three times since October
Tue, 22 Jun 2021 20:00:00 GMT
An 'advisory board' appointed by Sanjeev Gupta to address governance concerns in his metals empire has only met three times since October for sessions that lasted about half an hour, one of its members said on
https://www.theguardian.com/business/2021/jun/22/gfg-alliance-advisory-board-has-only-met-three-times-since-october


ArcelorMittal among bidders for Liberty Steel's French plants
Tue, 01 Jun 2021 07:00:00 GMT
ArcelorMittal, one of the world's biggest steel producers, is among a number of companies poised to swoop for the French steel plants of beleaguered metals tycoon Sanjeev Gupta. German steel producer Saarstahl and Italy's Beltrame Group are also in the running
https://www.luxtimes.lu/en/business-finance/arcelormittal-among-bidders-for-liberty-steel-s-french-plants-60b63588de135b923674d402


Credit Suisse ties destiny to Sanjeev Gupta
Fri, 28 May 2021 05:00:00 GMT
The Swiss bank's decision to enter into a standstill deal with Sanjeev Gupta in order to speed up the liquidation of its Greensill supply chain funds could turn out to be a risky move. The whole Greenshill debacle started
https://www.finews.com/news/english-news/46442-sanjeev-gupta-gfg-alliance-credit-suisse-greensill-sfo-barclays-gam


Credit Suisse Discusses Gupta Standstill Agreement
Tue, 25 May 2021 08:00:00 GMT
Credit Suisse and steel magnate Sanjeev Gupta held advanced discussions over the long Ascension Day weekend related to a formal standstill agreement for the bank's remaining exposure to the GFG Alliance steel
https://www.finews.com/news/english-news/46380-credit-suisse-discusses-gupta-standstill-agreement



Number of GFG Alliance news reports: 12
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GFG Alliance is a collection of global businesses and investments. The organisation - headquartered in London, United Kingdom - is structured into three core industry brands: Liberty Steel Group, Alvance Aluminium Group and Simec Energy Group. Operations centre on the metals, mining and industrial energy sectors and in early 2021 the firm employed ~ 35,000 people across 30 countries.

In steelmaking, the company aims to increasingly recycle ferrous scrap using electric arc furnaces powered by renewable energy, adopting a so-called 'GREENSTEEL' business model.



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