20
Sep
11:56
Gupta buys power firm to boost Whyalla prospects
GFG Alliance, controlled by Sanjeev Gupta, has bought a majority stake in Australian new energy firm Zen Energy. High Australian energy costs had threatened to bankrupt GFG’s other Australian steel acquisitions and the move is a strategic step in making these facilities sustainable, Kallanish notes.
GFG Alliance includes Liberty House, which controls Gupta’s recent UK steel acquisitions, and SIMEC, and the latest acquisition will be renamed SIMEC Zen…
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Anonymous
Very good overview of the weekly steel market.
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