Creditors to Sanjeev Gupta’s first UK steel plant appoint liquidators

Creditors of Liberty Steel Newport, the historic Welsh steelworks acquired by Sanjeev Gupta in 2013, have appointed joint liquidators from Begbies Traynor and Kroll to wind down the business, threatening the future of the 180-employee plant and marking another insolvency within Gupta’s GFG Alliance following the collapse of Greensill Capital in 2021, which remains a major creditor.

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