It will pause some UK activities to preserve cash: Sanjeev Gupta
London, March 15 (AFP/APP): Steelmaking giant GFG Alliance, owned by Indian-British billionaire Sanjeev Gupta, said Monday it will pause some UK activities to preserve cash following the collapse of corporate finance firm Greensill. Gupta’s sprawling steel empire, which had been Greensill’s biggest customer, has 35,000 staff worldwide, including 5,000 in Britain where its Liberty Steel division is based. “Some UK businesses will be operating intermittently, which can and will be achieved without compromising the condition of the plants,” GFG Alliance said in a statement. The group added that it is “working closely” with trades unions and is making use of the UK government’s … Continue reading It will pause some UK activities to preserve cash: Sanjeev Gupta
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