166:, worth nearly $ 10 billion, whose funds were party invested through Greensill Capital, which had placed $ 3.6 billion in GFG, part of which had funnelled down to LCL. It was expected for the balance sheet of Credit Suisse to absorb significant damage as a result. The bank also launched insolvency proceedings against other entities affiliated with GFG. According to
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deal for the
Lochaber aluminium plant, because the furnace requires so much power that the smelter is located near a hydroelectric plant, which drains the basin of the 114,000 acre Estate. Alcan designed all their smelters that way. The Estate includes the north face of
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In May 2021 investors began to pay more attention to the sale of GFG Alliance's French steel plants
Ascoval and Hayange causing GFG Alliance to hire Rothschild to run an accelerated M&A process of the two assets.
172:, Credit Suisse would face difficulties in recouping the funds, as Greensill had split up loans backing the funds' investments (including loans granted to GFG Alliance) into a double trust structure.
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mandated that the Estate never be split from the hydro plant and aluminium smelter but Gupta ignored them and placed ownership of the Estate in a company that is domiciled on the
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was critical about the alleged breach of the SNP agreement and urged the SNP to "take whatever steps are necessary to protect public funds".
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and the
British Gupta family. Collectively, companies in the alliance are involved in mining, industry and trading.
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GFG Alliance's interests are represented to the South
Australian parliament by lobbying firm, Bespoke Approach.
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466:"Investors Circle Sale of GFG Alliance French Assets Ascoval, Hayange; Rothschild Running Accelerated M&A"
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In March 2021, GFG Alliance was struggling to secure new financing after the collapse of one of its lenders,
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On 3 April 2021, it came to light that the Jahama
Highland Estates (formerly the "
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451:"Gupta acquired Scottish hunting estate in taxpayer-backed deal with SNP"
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143:. GFG was put under brief observation by the German financial regulator
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438:. Dow Jones & Company, Inc. The Wall Street Journal. 1 April 2021.
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Jahama
Highland Estates, the 5th largest private landowner in Scotland
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196:. The 2016 deal was worth £330 million and was guaranteed by the UK
348:"UK draws up plans to run Liberty Steel if Gupta's GFG collapses"
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436:"Credit Suisse Effort to Recoup Greensill Loans Faces Roadblock"
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398:"Credit Suisse aims at wind-up orders for Gupta's Liberty arm"
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480:"GFG Alliance - an international alliance of businesses"
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Nelson, Eshe; Ewing, Jack; Alderman, Liz (2021-03-28).
372:"Greensill Woes Deepen as Germany Shutters Bank Unit"
233:, founded by Gupta's father Parduman K Gupta in 1996
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179:Estate") had been purchased in 2016 as part of the
412:"Subscribe to a slice of the FT | Financial Times"
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506:"The Swift Collapse of a Company Built on Debt"
449:Gill, Oliver; Millard, Rachel (3 April 2021).
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464:Gibson, Lara; Ross, Andrew (13 May 2021).
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577:Holding companies of the United Kingdom
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572:Energy companies of the United Kingdom
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396:Makortoff, Kalyeena (31 March 2021).
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400:. Guardian News & Media Limited.
200:. Conservative finance spokesperson
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300:"Champions of Sustainable Industry"
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44:Various members of the Gupta family
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453:. Telegraph Media Group Limited.
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324:Stress Reliever- Business News
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236:Wyelands financial services
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188:. According to reports, the
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346:Pickard, Jim (2021-03-19).
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216:The GFG Alliance includes:
198:Chancellor of the Exchequer
156:Liberty Commodities Limited
115:Gupta Family Group Alliance
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269:an aluminium warehouse in
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28:Mining, energy, materials
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534:www.lobbyists.sa.gov.au
257:Miscellaneous divisions
190:Scottish National Party
169:The Wall Street Journal
83:ALVANCE Aluminium Group
54:Over 35,000 (2019)
335:Sanjeev | GFG Alliance
89:SIMEC Atlantis Energy
16:Business Group in UK
221:Liberty House Group
68:Liberty House Group
50:Number of employees
36:$ 20 billion (2020)
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510:The New York Times
262:Alvance Aluminium
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530:"Lobbyist Portal"
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135:Greensill Capital
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150:On 31 March
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119:GFG Alliance
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104:.gfgalliance
60:Subsidiaries
20:GFG Alliance
486:11 December
231:SIMEC Group
194:Isle of Man
73:SIMEC Group
566:Categories
539:2021-06-14
515:2021-03-31
421:2021-04-08
416:www.ft.com
382:2021-04-02
357:2021-04-02
286:References
133:See also:
212:Structure
186:Ben Nevis
160:Citigroup
468:. Reorg.
278:Lobbying
25:Industry
271:Dunkirk
227:in 1992
129:History
97:Website
33:Revenue
309:31 May
273:France
264:Poitou
41:Owners
303:(PDF)
177:Alcan
145:BaFin
488:2018
311:2021
106:.com
102:www
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