Business
Steel magnate Sanjeev Gupta concedes GFG too dependent on collapsed lender Greensill – ABC News
Whyalla steelworks owner Sanjeev Gupta says the collapse of major lender Greensill precipitated the “most difficult month” of his life, with the billionaire now…
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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