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Steel tycoon Sanjeev Gupta lines up BlackRock to finance rescue of UK factories
Last-ditch deal with US investment firm could safeguard up to 1,500 jobs at Yorkshire plant
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ft.com
Sanjeev Gupta lines up BlackRock on deal to buy key steel business out of insolvency
Move sets up clash between metals magnate and creditors including UBS that are owed hundreds of millions of dollars
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telegraph.co.uk
Steel tycoon Sanjeev Gupta lines up BlackRock to finance rescue of UK factories
Last-ditch deal with US investment firm could safeguard up to 1,500 jobs at Yorkshire plant
- ·
Labour poised to take control of Gupta’s UK steel factories
The Government will step in as administrator if factory cannot secure BlackRock rescue deal