Sale of aerospace supplier proposed as lenders try to claw back cash after Greensill collapse
Sanjeev Gupta’s Liberty Steel has announced plans to sell its aerospace steel business in Yorkshire as part of a restructuring deal as it tries to ensure its survival.
The under-pressure steel firm said on Monday it was in talks with Credit Suisse, a large creditor, over agreements that would give it time to repay its debts. Gupta met Credit Suisse representatives in Dubai, where he is currently based.
