Whitehall on alert for collapse of Gupta's steel empire
The metals tycoon Sanjeev Gupta is this weekend plotting a controversial deal to salvage his remaining UK steel operations and avert their collapse into compulsory liquidation – a move that would put close to 1,500 jobs at risk.
The dismantling of Sanjeev Gupta's British business empire is accelerating after advisers were hired to find a buyer for a steel production business which supplies oil giants including BP and Shell....
A UAE-based steel company has made an approach to buy Britain's third-biggest steel producer, months after it was declared "hopelessly insolvent" and fell into the hands of the Official Receiver....
The metals tycoon Sanjeev Gupta has opened a new front in the battle to save his crumbling business empire with a legal claim asserting his ownership of a $3bn Australian steel producer.
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10-10-2025, 11:58 AM
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Whitehall on alert for collapse of Gupta's steel empire