Deals
Gupta’s GFG Still Eyeing M&A Deals Amid Pandemic-Led Distress
- Company has a history of snapping up distressed steel assets
- GFG mulls tapping future capital via share sales, issuing debt
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GFG Alliance, owned by commodity trader-turned-serial dealmaker Sanjeev Gupta, is looking at opportunities to acquire more assets amid the coronavirus pandemic.
GFG is a “very active group in M&A,” Chief Investment Officer Jay Hambro said in an interview. While the company is currently preoccupied with a planned purchase of the Duffel aluminum rolling plant in Belgium, “we keep an eye on other opportunities.”