Steel magnate Sanjeev Gupta concedes GFG too dependent on collapsed lender Greensill – ABC News

Whyalla steelworks owner Sanjeev Gupta has said the collapse of major lender Greensill precipitated the “most difficult month” of his life, as the billionaire’s financial woes continued.

• Greensill’s collapse has caused major uncertainty around GFG and the Whyalla steelworks
• In a podcast to employees, Mr Gupta conceded his company had been slow to diversify away from the lender
• However, he talked up the company’s prospects, saying he was intent on recovery

Greensill Capital was one of the major lender’s…

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