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Mr Sanjeev Gupta Renews Interest in Port Talbot Steelworks

Steel News - Published on Tue, 07 Jul 2020

Image Source: Liberty Group
Business Live reported that steel entrepreneur Mr Sanjeev Gupta said he would look to acquire Port Talbot steelworks if the business was put up for sale. In an interview with Moneycontrol, steel magnate Mr Gupta, who is executive chairman of Liberty Steel Group, said he would consider an acquisition if the Port Talbot steelworks was brought to market.

It comes as Indian-owned Tata Steel UK continues discussions over a bespoke loan, understood to be in the region of GBP 500 million, with the UK Treasury to support its loss-making operation in the UK, where it employs 7,000 in Wales and 4,000 at its primary steelmaking plant in Port Talbot.

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Posted By : Yogender Pancholi on Tue, 07 Jul 2020
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