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The GFG Alliance had relied heavily on the failed finance company. The GFG Alliance had relied heavily on the failed finance company. ... News. Science & Tech. Shopping.
GFG Alliance was Greensill’s biggest client and it was reported at the time of the collapse that it had an exposure totalling $5bn. [13] In April 2024, Grant Thornton, the administrators for Greensill, published a report where they revealed that they were still owed round $587.2m (£472m) from the GFG Alliance.
Sanjeev Gupta (born September 1971) is an Indian-born British businessman, and the founder of Liberty House Group. [1] He is the CEO and chairman of GFG Alliance, an international conglomerate that operates primarily in the steel and mining industries. [2]
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In October 2019, GFG Alliance promised to merge its steel assets into Liberty Steel Group by year end. [11] [needs update] In 2020, LHG received European Union approval to purchase the Duffel, Belgium plant of aluminium smelter operator Aleris which cleared the way for the purchase of Aleris by Novelis. [12]
U.S. stocks closed higher as investors digested a slew of corporate earnings reports, including some from the so-called Magnificent 7. The broad S&P 500 index closed up 0.51%, or 31.86 points, to ...
In 2017, GFG Alliance acquired 49.99% stake in the company in return of the coal-fired Uskmouth power station, which was to be converted to a 220 MW waste-to-energy plant. [ 3 ] [ 4 ] Consequently, Atlantis Resources was renamed SIMEC Atlantis Energy. [ 3 ]
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