Liberty Steel Gets Cash Injection to Save U.K. Plant
Liberty Steel Gets Cash Injection to Save U.K. Plant
GALWAY, IRELAND--October 25, 2021--Written by Martin Lynch, European News
Editor for Industrial Info (Galway, Ireland)--Liberty Steel U.K. (LSUK) looks set to receive a life-saving cash injection of £50 million (US$68 million) following the agreement of a financial restructuring plan between its parent company GFG Alliance (London, England) and Credit Suisse Asset Management.
Within this article: Details cash injection, Rotherham plant restart, scale of financial problems at GFG Alliance, related steel sector problems in the U.K.
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company
- Thousands of Liberty Steel U.K. Jobs at Risk
- ArcelorMittal Bids for French Steel Assets of Troubled GFG Alliance
- U.K. Steelmakers Need More Government Cash to Survive
- Australia Bushfires Pose Potential Threat to Mining Operations
- Metals & Minerals Plants Along the Eastern Seaboard Brace for Florence