Jun 21, 2021

Gupta-owner Jaguar Land Rover supplier in talks with lenders

Part of Sanjeev Gupta's metals empire is holding talks with its lenders to avoid collapsing into administration. GFG Alliance said it had been exploring "Strategic options" regarding the future of Liberty Aluminium Technologies and was in talks with "Four interested parties". The BBC has learned that government officials have not yet been involved in these talks despite assuring MPs and unions that it was monitoring the situation at GFG very closely. GFG Alliance employs 35,000 people at companies stretching from Wales to Australia. GFG is in talks with finance firms about providing emergency loans.

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