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The French authorities' recent raid on the Paris offices of GFG Alliance and the GFG-owned Dunkirk aluminum smelter has no impact whatsoever on the activity of the Galati-based Liberty steel mill, a GFG spokesperson said.
AFP reports on Tuesday that the Paris headquarters of GFG Alliance, a 35,000-employee collection of energy, steel and trading businesses controlled by metals tycoon Sanjeev Gupta, as well as the aluminum smelter in Dunkirk, were searched last week as part of an ongoing investigation into a state-guaranteed loan taken out by one of the French facilities owned by GFG.
The former Sidex Galati steel plant, now Liberty Galati, has been part of GFG Alliance since 2019. AGERPRES
