Whyalla steelworks a pawn in Credit Suisse game: MP afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Guptaâs GFG says Whyalla refinancing getting closer
Save
Share
Sanjeev Guptaâs GFG Alliance says a proposed refinancing of the Whyalla steelworks and Tahmoor coal operations in NSW is well advanced, and the proposals being worked through would be enough to pay all creditors to those two businesses.
The statement came after Swiss financial services giant Credit Suisse moved on Tuesday to wind up the 56-year-old South Australian Whyalla steelworks and the Tahmoor coal operations in NSW with court action commenced in the NSW Supreme Court.
Sanjeev Gupta at an iron ore mine near the Whyalla steelworks in 2017.Â
A statement on Wednesday morning from the British steel billionaireâs GFG said it was in âadvanced due diligenceâ on several offers of finance from unnamed large investment funds for the two operations in South Australia and NSW.
Greensill s long and winding road to oblivion afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.