Gupta's Liberty Steel to restart operations, in talks with UK government

© Reuters. Steel is seen in the rolling mill following the recommissioning of the works by Liberty Steel Group at the Dalzell steel plant in Motherwell

LONDON (Reuters) – Liberty Steel UK, owned by tycoon Sanjeev Gupta, said on Monday it plans to restart steelmaking next week as it continues to seek new funding after its main funder Greensill Capital went into insolvency.

Gupta’s conglomerate GFG Alliance was also in “constructive discussions” with the UK government about potential assistance, it added in a statement.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


READ  European Stocks at Record Levels on Signs of Global Growth


Please enter your comment!
Please enter your name here