ALVANCE Aluminium Group

Aluminium Dunkerque Refinances Financing Agreement With AIP As Sanjeev Gupta Files Suit

Aluminium Dunkerque Refinances Financing Agreement With AIP As Sanjeev Gupta Files Suit

Europe’s largest aluminium smelter announced last week the successful completion of a refinance of its financing agreement, which includes US$235 million in debt and US$60 million in hedging liabilities. Aluminium Dunkerque Industries France SAS (formerly Liberty Industries France SAS) refinanced the debt...

Events

GFG Alliance Seeking Payment Pause For Debt Payments To Troubled Backer Greensill

In response to concerns raised by an insolvency filing by one of its financial backers, GFG Alliance leader Sanjay Gupta said his firm is in discussions with its administrators regarding an agreement to pause payments to the troubled firm. On Friday, Gupta relayed internally that it was seeking a standstill agreement from Greensill Capital’s administrators, […]

Liberty Steel Labor Reps Seek Assurance From GFG Alliance After Insolvency Of Major Financial Backer

Representatives from British trade unions seek to meet with officials at Liberty Steel after one of GFG Alliance’s major backers signaled financial trouble by entering into administration. On Monday, Greensill Capital filed insolvency paperwork with local courts. The financial firm lost insurance and investor funding for its own supply chain business last week. Gupta Family […]

GFG Alliance Groups Aluminium Assets Into Paris-Based Firm ALVANCE

Sanjeev Gupta’s GFG Alliance announced on Monday its decision to gather its aluminium assets into one Paris-based firm named ALVANCE Aluminium Group (ALVANCE). The announcement by the privately-held metals conglomerate is following through on an announcement it made last fall that its steel assets would soon be merged in anticipation of a listing on a […]