Sanjeev Gupta

Evtec Takes On GFG Alliance Subsidiary Liberty Aluminium Technologies Upon Jaguar Land Rover’s Urging

Evtec Takes On GFG Alliance Subsidiary Liberty Aluminium Technologies Upon Jaguar Land Rover’s Urging

GFG Alliance sold off two aluminium parts factories last week and will be closing a third after Jaguar Land Rover asked a third party to step in and secure its aluminium parts supply from those plants. Coventry, England’s Evtec has agreed to...

Events

Sanjeev Gupta Loses Dunkirk Aluminium Smelter To AIP

The largest aluminium smelter in Europe is now owned by American Industrial Partners after the firm bought the asset from struggling Sanjeev Gupta’s GFG Alliance last week. In a statement released to the media, AIP said it gained title to the plant after foreclosing on shares pledged by GFG Alliance to AIP in a mezzanine-financing […]

GFG Alliance In Talks With Glencore Over Refinancing Aluminium Assets’ Debt

The struggle to keep Gupta Family Group Alliance’s assets funded continued last week as its head Sanjeev Gupta continued talks with Glencore plc to refinance the debt of GFG Alliance’s aluminium assets in Europe. Sources told AlCircle over the weekend that Glencore is in talks with GFG Alliance to refinance its over US$500 million in […]

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 […]