BUSINESSMEN – GREAT BRITAIN

Gupta to fight OneSteel wind-up

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Original article by Nick Evans, Perry Williams
The Australian – Page: 13 & 16 : 7-Apr-21

The future of the Whyalla steelworks in South Australia is in doubt after Citibank filed a ‘winding-up in insolvency’ application for the plant’s operator, OneSteel Manufacturing. The application also includes Tahmoor Coal, which operates an associated coal mine in New South Wales. McGrathNicol will become liquidator of the two companies if the Supreme Court of NSW approves the application. British businessman Sanjeev Gupta is trying to secure $500m in new funding for the Whyalla steelworks following the collapse of Greensill Capital, which is the major creditor of his GFG Alliance.

CORPORATES
ONESTEEL MANUFACTURING, TAHMOOR COAL PTY LTD, CITIBANK (SWITZERLAND) AG, McGRATH NICOL AND PARTNERS SERVICES PTY LTD, SUPREME COURT OF NEW SOUTH WALES, GREENSILL CAPITAL (UK) LIMITED, GFG ALLIANCE

Gupta to make 20,000 Aussie electric cars

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Original article by Simon Evans
The Australian Financial Review – Page: 14 & 18 : 30-Apr-19

British billionaire Sanjeev Gupta has indicated that GFG Alliance will announce further details of its plans to build electric cars in Australia within weeks. Gupta says the company aims to build between 10,000 and 20,000 electric cars in Australia, adding that he is of the view that the nation should be a manufacturer of such vehicles rather than just importing them. He also says the price of electric cars is likely to fall over time as more consumers embrace the technology.

CORPORATES
GFG ALLIANCE, GORDON MURRAY DESIGN, ARRIUM LIMITED, ARCELOR MITTAL SA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET