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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. [14]
Steel tycoon Sanjeev Gupta’s GFG Alliance acquired the collapsed firm and said it hopes to save 250 ‘viable’ steel jobs. Skip to main content. 24/7 Help. For premium support please call: 800 ...
The GFG Alliance had relied heavily on the failed finance company. Sanjeev Gupta’s GFG business empire faces fraud probe amid Greensill links Skip to main content
SIMEC Group Ltd is a British international energy and natural resources business focused on resources, sustainable power, infrastructure, and commodities trading. [2] In 2016 it had an annual turnover of almost USD2.5 billion and net assets of USD350 million.
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 .
Hambro worked with the GFG Alliance on an acquisition, investment and development programme in UK industry with a focus on metals [7] and energy. [ 8 ] In July 2021, Hambro left GFG after a disagreement about the sale of Alvance, a Franco-Belgian aluminium company.