London | British metals magnate Sanjeev Gupta’s Liberty Steel group has signalled progress in its attempt to keep finance giant Credit Suisse at bay, as it races to refinance its Greensill-hit Australian and British steel operations.
Liberty Steel said in a statement late on Monday (AEST) that Mr Gupta and his new four-man restructuring team had held “very constructive and productive meetings” in Dubai at the weekend with Credit Suisse, its $US1.2 billion ($1.55 billion) creditor.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
