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Deal to refinance loans previously extended by Greensill could save thousands of jobs
The metals empire owned by the industrialist Sanjeev Gupta has said it has secured new financing for South Australia’s Whyalla steelworks, potentially staving off a threat to thousands of jobs.
GFG Alliance on Wednesday said that Liberty Primary Metals Australia (LPMA) had agreed a deal to refinance loans previously extended by Greensill, the financial firm that collapsed into administration in March. Continue reading...