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20 Mar
12:51

GFG maintains Aartee pursuit after administration ruling setback

GFG Alliance says it will work with Aartee Bright Bar (ABB)’s administrators to promote its business plan for the insolvent UK engineering steel distributor after the High Court of Justice dismissed GFG’s administration exit proposal. GFG said last week it had finalised its business plan for ABB and was seeking to immediately end the administration of ABB (see Kallanish passim). Last month, GFG purchased 100% shares in Aartee Group Pte Limited, AB…
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