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Le site Liberty de Dudelange pourrait changer de mains
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GFG Alliance faces potential collapse in UK but says it won’t hit India business
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GFG, which runs smelters, mines and power stations around the world, had last month approached the UK government seeking an emergency bailout to avoid a collapse. The UK seems to have rejected the bailout plan as per various news reports.
Reuters
Liberty Steel, part of GFG Alliance, has a presence in India through Adhunik Metaliks and Zion Steel that it had bought under the insolvency process last year.
British industrialist Sanjeev Gupta’s GFG Alliance, which faces potential collapse of its UK business after failure of its largest lender, has claimed that its India operations will remain unaffected.
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