Sale of aerospace supplier proposed as lenders try to claw back cash in wake of Greensill collapse
Liberty Steel has said it plans to sell its aerospace steel business based in Yorkshire as part of a restructuring deal as it tries to ensure its survival.
The steelmaker, which is owned by the metals magnate Sanjeev Gupta, on Monday said it was in talks with Credit Suisse, a large creditor, over agreements that would give it time to repay its debts.
