Likely lifeline could save thousands of UK jobs and follows funding from same source for Australian unit
Metals magnate Sanjeev Gupta is close to securing a £200m loan for Liberty Steel UK, which would hand a lifeline to Britain’s third largest steel business and help stave off thousands of job losses.
It is understood that the billionaire has agreed on financing terms with White Oak Global Advisers, which is also providing fresh funding for the Australian arm of Gupta’s sprawling holding company, GFG Alliance.