Business secretary criticises ‘financial engineering’ at Liberty Steel

about 4 years in The guardian

Kwasi Kwarteng tells MPs there is ‘healthy interest’ in UK plants put up for sale by crisis-hit steelmaker
The UK business secretary has criticised the use of “financial engineering” and debt by Sanjeev Gupta’s Liberty Steel as the steelmaker prepares to sell off several plants.
Kwasi Kwarteng said there was “healthy interest” and a “viable future” for the UK plants Liberty Steel has put up for sale, in comments to MPs on Tuesday. Continue reading...

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