Gupta Family Group (GFG) Alliance

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...


Gupta Secures Future For Liberty Aluminium Technologies Via £10 MM Loan Repayment

Last week Sanjeev Gupta secured the solvency of a portion of Gupta Family Group Alliance’s aluminium assets last week by paying off a £10-million loan. Retiring the loan will prevent the UK-based Liberty Aluminium Technologies (LAT) from collapsing into bankruptcy proceedings. The payback to Close Brothers averted receivership, which looked to be an increasingly certain […]

Business As Usual At Lochaber Aluminium Smelter As Fraud Probe Of GFG Commences

Aluminium smelting operations continue as usual at GFG Alliance’s Lochaber smelter despite an investigation into its parent company for serious financial crimes. On Friday the Scottish government’s Serious Fraud Office said it had begun an investigation into the firm for “suspected fraud, fraudulent trading and money laundering” related to the financing of GFG’s various companies. […]

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, […]