Liberty Steel planning to sell three 'non-core' UK plants

  • 5/24/2021
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LONDON, May 24 (Reuters) - Liberty Steel is planning to sell three ‘non-core’ UK plants as part of a major restructuring including its aerospace and special alloys steel business, the group said on Monday after a weekend of meetings in Dubai. “As part of this restructuring Liberty will look to sell its aerospace and special alloys steel business in Stocksbridge,” the company said in a statement. “Liberty has also already commenced the formal sale process of Liberty Aluminium Technologies and Liberty Pressing Solutions,” it added. The company earlier this month appointed a committee to restructure and refinance the group after Greensill Capital, its biggest lender, filed for insolvency in March. Reporting by Paul Sandle; editing by Guy Faulconbridge Our Standards: The Thomson Reuters Trust Principles.

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