The metals tycoon Sanjeev Gupta has drafted in City advisers to refinance his assets in eastern Europe as he seeks ways of keeping his wider empire afloat.Sky News understands that Mr Gupta’s GFG Alliance has appointed FTI Consulting to help negotiate new borrowing facilities for the business, which includes steelmaking plants in the Czech Republic and Romania.
The sites were bought from ArcelorMittal, the global steel giant, in 2019.Sources said a range of options to refinance the eastern European assets were under consideration.The discussions do not include GFG’s UK operations, which employ thousands of people and which continue …
