Liberty Steel boss asks government for £170m bailout
Concerns over Liberty Steel’s future have grown after its key backer Greensill Capital went bust. …
“We are still refining the details with my management team and our external advisors, but preliminary indications are that the steel manufacturing and processing operations would need in the range of £170m to fund working capital and some additional capital to fund operating losses in the short term, which we are in the process of finalising.”
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