Private Equity Firm AIP Buys Debt on Gupta’s Aluminum Plants
Bloomberg 1 hr ago Jack Farchy, Luca Casiraghi and Irene García Pérez
(Bloomberg) American Industrial Partners has bought most of the senior debt of two of Sanjeev Gupta’s European aluminum assets, putting it in position to take them over, people familiar with the matter said.
The New York-based private equity firm in recent days bought debt linked to Gupta’s Dunkirk smelter in France as well as refinancing the senior debt of the Duffel rolling mill in Belgium, said the people, who asked not to be identified as the deals weren’t public.
Private Equity Firm AIP Buys Debt on Gupta s Aluminum Plants msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.