Gupta steel empire dismantling continues with Hartlepool pipes sale
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.
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.
BlackRock, the world's biggest asset manager, is backing a controversial bid by the metals tycoon Sanjeev Gupta to retain control of his faltering UK steel empire.
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....
11-01-2026, 08:27 AM
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