NewsBite

Sanjeev Gupta

Advertisement
Whyalla composite

A Whyalla wipeout is finally going to occur, a decade on

Climate action is finally coming to Whyalla, the South Australian industrial town Tony Abbott said would be wiped off the map.

  • Mike Foley and Simon Johanson

Latest

GFG Alliance’s Sanjeev Gupta and workers at Whyalla can breathe a little easier after reaching a standstill agreement with creditor Credit Suisse.

Gupta in talks with Credit Suisse to shore up Whyalla future

The steel tycoon and the Swiss bank say they are confident of reaching an agreement that would see the bank repaid in full for its Greensill debt.

  • Sarah Danckert
Lex Greensill will break his silence in front of a British parliamentary committee this week.

Lex Greensill to face grilling by UK parliamentary inquiry

Greensill Capital founder Lex Greensill will be publicly grilled by British politicians this week.

  • Dominic Powell
The billionaire tycoon has won himself some breathing room.

Steel magnate Gupta wins lifeline for Whyalla and Tahmoor

GFG Alliance said the new financing arrangement would help it pay out the billions in debts it owes to Greensill in full. 

  • Sarah Danckert
Sanjeev Gupta at the Whyalla Arrium mine.

Gupta touted bold plans as steel’s ‘saviour’. He didn’t deliver

In 2017, Sanjeev Gupta was the toast of Whyalla after buying its decades-old steel plant out of administration and announcing a more than $1 billion upgrade. But so far there’s little to show for it. It’s a story that has been repeated across his steel and aluminium empire.

  • Eddie Spence and Jack Farchy
Credit Suisse could perhaps have avoided its scandals and losses of the past year had it learned from history.

It’s a little bit of history repeating in Credit Suisse’s litany of losses

Credit Suisse has been embroiled in a series of financial disasters that could have been avoided had it learned from its compatriot, UBS.

  • Stephen Bartholomeusz
Advertisement
Lex Greensill.

Lex Greensill faces possible public grilling over company collapse

Lex Greensill, the founder of Greensill Capital, could be hauled before public examinations by liquidators as they probe the reasons behind the $9 billion company’s unexpected collapse.

  • Sarah Danckert
Sanjeev Gupta is hoping to strike a new debt deal that would see his Australian steel business flush with cash.

Whyalla owner races towards refinancing to stave off Credit Suisse liquidation push

The owner of the Whyalla steel mill says it is close to sealing a refinancing deal that may quell a push by creditor Credit Suisse to place it in liquidation.

  • Sarah Danckert
Sanjeev Gupta standing outside one of the OneSteel mills he bought in 2017.

Credit Suisse moves to liquidate Whyalla steel mill, Tahmoor Coal

Court action filed on Tuesday shows the investment bank and key lender to failed financier Greensill is playing hardball with billionaire tycoon Sanjeev Gupta’s assets.

  • Sarah Danckert
Before its collapse, Greensill was hurtling towards an initial public offering that would have valued the company at $US7 billion. A deal that would have made its founder Lex Grensill and his brothers billionaires.

Greensill’s Australian arm headed for liquidation owing $1.75 billion

Administrators told the first meeting of creditors that no ‘rescue package’ or deed of company arrangement had been put forward to save the group from liquidation.

  • Sarah Danckert and Colin Kruger

Original URL: https://www.watoday.com.au/topic/sanjeev-kumar-gupta-1n6a