Business
Billionaire Whyalla steelworks owner Sanjeev Gupta sells ZEN Energy back to Ross Garnaut – ABC News
British billionaire and Whyalla steelworks owner Sanjeev Gupta sells a key investment less than three years after purchasing it amid a push to cut costs within his international business.
British billionaire and Whyalla steelworks owner Sanjeev Gupta has sold a key investment less than three years after purchasing it amid a push to cut costs within his international business.
Key points:
- Sanjeev Gupta bought ZEN Energy from Ross Garnaut in 2017
- He planned to use it for power projects to fund his Whyalla steelworks’
- He will sell the company’s electricity and energy services back to Professor Garnaut
Mr Gupta’s company GFG Alliance purchased a m…
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