Sanjeev Gupta’s GFG faces insolvency fight after Credit Suisse ends debt talks

Companies in metals empire owe the Swiss investment bank more than $1bn

Sanjeev Gupta’s GFG Alliance faces a fight against insolvency for some of its key companies after Credit Suisse withdrew from a long negotiation over debts.

GFG will face an insolvency hearing in private on Tuesday, after more than a year of trying to hold off its creditors and find a source of new funding after the collapse of its main lender, Greensill Capital.

Continue reading…

Read More

Sanjeev Gupta, Credit Suisse, Business, UK news UK news | The Guardian

Share your love

Leave a Reply