Skip to content
Subscriber Only

Key Gupta Aluminum Plant at Risk as Ex-Suitor Seeks Control

  • Holding company for Dunkirk plant was put into administration
  • Gupta earlier rejected AIP’s bid to buy his aluminum business
Sanjeev Gupta
Sanjeev GuptaPhotographer: Brendon Thorne/Bloomberg
Updated on

Private equity group American Industrial Partners has moved to take control of one of Sanjeev Gupta’s key assets, the Dunkirk aluminum smelter, in an escalation of an acrimonious battle between the businessman and the suitor he spurned.

A U.K. holding company for the smelter has been placed into administration, according to a filing last week. The legal action was initiated by AIP, according to a person familiar with the matter, who declined to be named as the matter isn’t public. AIP owns most of the senior debt on the Dunkirk plant in France.