Embattled businessman Sanjeev Gupta’s GFG Alliance has struck an agreement with the administrators of the collapsed Greensill Capital supply chain finance group that will allow him to keep control of his last substantial business in Australia, steel group InfraBuild.
GFG Alliance said on Tuesday it had agreed to confidential terms to resolve the legal disputes and claims in a long-running battle with Grant Thornton UK, which was appointed administrator of Greensill Capital in March 2021 and was trying to recover $900 million in unpaid debts.
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