Fast-growing industrials group, Liberty, part of Sanjeev Gupta’s global GFG Alliance, has appointed Cornelius Louwrens, one of the European metals industry’s most prominent figures, as chief executive of its UK steel division.
Liberty acquires leading classic car restoration and parts specialist Cape International, based in Redditch in the West Midlands.
Liberty has entered into a committed financing agreement with a syndicate of major international banks for the purchase of Aluminium Dunkerque, Europe’s largest aluminium smelter from Rio Tinto.
British-owned Liberty, part of Sanjeev Gupta’s global GFG Alliance, is set for another major expansion of its steel production capacity in continental Europe following a conditional agreement announced today 2 November to acquire two Belgian cold rolling steel mills and one in Luxembourg from ArcelorMittal.
British-owned Liberty, part of Sanjeev Gupta’s global GFG Alliance, today [Friday 12th October] announced a conditional agreement to buy four European steel plants, employing more than 12,500 people; putting itself at the heart of the Continent’s steel industry and cementing its global role in the sector