Sky News has learnt that GFG Alliance has appointed restructuring advisers FTI Consulting to help negotiate new borrowing facilities for the business, which includes steelmaking plants in the Czech Republic and Romania. Sources said a range of options to refinance the eastern European assets were under consideration and discussions do not include GFG's UK operations, which employ thousands of people and which continue to be the subject of separate talks about future financing.Founded as Forensic Technologies International Ltd in 1982, FTI Consulting is a business advisory firm headquartered in Washington DC in United States with more than 6,200 staff in 28 countries. The company specializes in the fields of corporate finance and restructuring, economic consulting, forensic and litigation consulting, strategic communications and technology.A lot has happened in last 7 months at various units under the umberalla of GFG Alliance, when GFG Alliance supply chain based financier Greensill Capital went into administration opening a pendora’s box with some British law makers terming GFG Alliance’s structure as opaque. GFG Alliance’s Chairman Mr Saneev Gupta has undertaken a series of measures to overcome the crisis
Sky News has learnt that GFG Alliance has appointed restructuring advisers FTI Consulting to help negotiate new borrowing facilities for the business, which includes steelmaking plants in the Czech Republic and Romania. Sources said a range of options to refinance the eastern European assets were under consideration and discussions do not include GFG's UK operations, which employ thousands of people and which continue to be the subject of separate talks about future financing.Founded as Forensic Technologies International Ltd in 1982, FTI Consulting is a business advisory firm headquartered in Washington DC in United States with more than 6,200 staff in 28 countries. The company specializes in the fields of corporate finance and restructuring, economic consulting, forensic and litigation consulting, strategic communications and technology.A lot has happened in last 7 months at various units under the umberalla of GFG Alliance, when GFG Alliance supply chain based financier Greensill Capital went into administration opening a pendora’s box with some British law makers terming GFG Alliance’s structure as opaque. GFG Alliance’s Chairman Mr Saneev Gupta has undertaken a series of measures to overcome the crisis
