London | Sanjeev Gupta says the South Australian government’s seizure of his Whyalla steelworks was “unexpected and unprecedented” and “the wrong course of action” for the troubled plant’s creditors and workers.

In an internal memo to executives of his corporate group, GFG Alliance, obtained by The Australian Financial Review, Gupta said he would seek legal advice on how to protect the interests of his other companies, which comprised more than half of Whyalla’s creditors.