Dunkirk smelter deal provides a window into GFG’s complex web of financing

Sanjeev Gupta’s $500 million purchase of Europe’s largest aluminium smelter from Rio Tinto in 2018 was the steel tycoon’s first big industrial deal financed through traditional bank debt. Gupta’s GFG Alliance, a sprawling network of hundreds of privately-held companies with interests spanning steel, aluminium, mining, financial services and real estate, publicly announced the five-year term […]

Continue Reading