Liberty Steel in lifeline talks
About 5 Months, 2 Weeks, 1 Day, 7 Hours, 48 Minutes ago.
The BBC understands that Sanjeev Gupta's beleaguered UK steel business may yet secure a £200m lifeline.
The owner of Liberty Steel is in talks about a loan facility from California-based investment firm White Oak Global Advisors.
The arrangement is at a preliminary stage but a skeleton agreement - a so called "term sheet" has been drafted.
Any loan would need the approval of Gupta Family Group's creditors which include Credit Suisse and Tata Steel.