Business Standard

Liberty House seals funding agreement to buy Rio's French aluminium smelter

Liberty House has bagged insolvent Amtek Auto and Adhunik Metaliks in India

Liberty Steel boss Sanjeev Gupta stands outside his newly bought processing mill in Dalzell, Scotland
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Liberty Steel boss Sanjeev Gupta stands outside his newly bought processing mill in Dalzell, Scotland

Aditi Divekar Mumbai
At a time when UK-based Liberty House is looking to have a sizeable presence in India's steel market, it continues to make acquisitions in other geographies.  

The Sanjeev Gupta-led steel company on Friday said it has sealed a committed financing agreement to acquire Europe's largest smelter at Dunkerque in France.   

GFG Alliance, of which Liberty House Group is a part, has announced its entry into a committed financing agreement with a syndicate of major international banks for the purchase of Aluminium Dunkerque, Europe's largest aluminium smelter, from Rio Tinto.      

The term loan secured on standard

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