Hints and tips:
...Greensill Capital collapsed in 2021 after lending more than $5bn to Gupta’s GFG Alliance group of metals companies, which are now subject to a UK Serious Fraud Office probe focusing on their financing arrangements...
...Liberty Commodities is part of GFG Alliance, a collection of firms owned by Sanjeev Gupta, a metals magnate who was one of Greensill’s biggest clients....
...Four of them — Cargill, Mitsui Bussan Metals, Toyota Tsusho Asia Pacific and Itochu Singapore — told the FT they had no record of any transactions with Liberty Commodities....
...The call for intervention is the latest sign of problems at the businessman’s sprawling GFG Alliance, a loose collection of groups around the world that includes Liberty, the global steel and mining company...
...One scoop to start: Formula One owner Liberty Media is in exclusive talks to buy the company that owns MotoGP for more than €4bn, in a deal that would unite the elite car and motorcycle racing series, according...
...“The single biggest opportunity that exists for the metal recycling industry is green steel,” said Chris Sheppard, EMR chief executive and son of the group’s founder, adding that he preferred the term “recycled...
...A high-profile attempt to merge Thyssenkrupp’s steel business with Tata Steel was blocked by Brussels in 2019, and a subsequent bid for the unit by British tycoon Sanjeev Gupta’s Liberty Steel fell apart...
...Sanjeev Gupta’s office landlord and a US investment group are pushing to wind up his commodities trading firm, opening up a new legal fight for the metals magnate who has spent the past two years battling...
...Embattled metals magnate Sanjeev Gupta’s Liberty Steel was also given surplus emissions allowances for a steel mill in Wales that was idled this year....
...Berkshire as Buffett leans on a new generation Charlie Munger’s fingerprints are all over Berkshire Hathaway, from some of its most consequential deals — including the purchases of See’s Candies and Israeli metals...
...Freepoint, based in Connecticut, is involved in energy, metals and agricultural markets....
...s lawyers make final appeal for acquittal in FTX trial (FT) WeWork plans to file for bankruptcy as early as next week (Wall Street Journal) ArcelorMittal obtains €140mn freezing order against Gupta’s Liberty...
...The biggest backer of the group of companies was the now-collapsed Greensill Capital....
...Businesses within Gupta’s GFG Alliance have struggled to borrow money since the 2021 collapse of its main lender Greensill Capital, which had about $5bn of debt exposure to the group....
...Luke Goodrich, vice-president and senior counsel at the Becket Fund for Religious Liberty, who represents Apache Stronghold on the case, said they will “absolutely” appeal to the Supreme Court if their circuit...
...But its speciality business agreed to insure thermal coal mining company Global Mining Holding Company, LLC, and its subsidiary Signal Peak Energy for up to $2mn, for the two years to November 2023, according...
...Everything lying around the Metinvest factory is used: plastic tubes, foam blocks, used tyres, scrap wood and metal....
...Trehan also used to own a stake in Gupta’s metals trading outfit Liberty Commodities....
...The recently-acquired securitised products group of Credit Suisse was busy providing cash to the likes of PacWest, the besieged California-based bank....
...Jeffrey Kabel, chief transformation officer for Liberty Steel Group, said that the company remained “committed to our longer-term growth plants in the UK including our plan to grow Rotherham into a 2mn tonne...
..., chief transformation officer of the metals group....
...Limited, UD Holdings Limited and TMT Metals have done some business with Liberty....
...A London court has dismissed a case by hedge fund AQR Capital Management and other market participants against the London Metal Exchange, relieving the bourse from a request to disclose further information...
...News round-up Ken Griffin joins Paul Marshall’s bid for Telegraph Group (FT) Coty pushes ahead with plans for dual Paris listing (FT) Liberty Media proposes merger with radio broadcaster Sirius XM (Reuters...
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