News
01 April 2021

Morgan Stanley, ICBC Standard look to sell Gupta’s GFG loan

In:
Metals and Mining
Region:
Europe

Morgan Stanley and ICBC Standard Bank are looking to dispose of portions of a loan they made to a key unit of Sanjeev Gupta’s GFG Alliance, a sign that lenders may be losing confidence in the embattled metals group. The two banks have started talks with potential buyers of their exposure...

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