This restructuring, combined with the continuing strength in steel and iron ore markets, will present a solid basis for the future of Liberty, the statement said.
Mr Guptas broader GFG Alliance, which also includes a global aluminium business, an energy business and a property portfolio, had borrowed as much as $6 billion from Greensill Capital.
GFG has been negotiating with Greensill Capitals administrators in Britain, Australia and Germany on a plan to manage these debts since the supply-chain finance company went into administration in early March.
Credit Suisse, which was Greensills primary financial backer via a series of bond funds, has been trying to recover money for its fund investors by seeking winding-up orders for some of Mr…
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