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Spain Asks Gupta to Prove GFG Unit Is Solvent to Take Over Plant

(Bloomberg) Spain’s government has asked the aluminum division of Sanjeev Gupta’s GFG Alliance to prove it’s solvent to push ahead with a takeover of an aluminum plant in the country, according to people familiar with the matter.

Spain approves IFV and NH90 funding

Spain approves IFV and NH90 funding 17 December 2020 by David Ing Spain’s Council of Ministers approved funding totalling EUR184 million (USD225 million) for the Dragón 8×8 infantry fighting vehicle (IFV) and the second phase of the NH90 helicopter programme. Spain’s Ministry of Industry and Trade will provide initial financing of EUR50 million in 2020 for the initial work to prepare the production facilities and for the first orders of Dragón IFVs. (Spanish MoD) The Ministry of Industry and Trade announced in a press release on 15 December that it would handle the deals with the two companies involved, Tess Defence and Airbus.

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