Liberty seals Dunkerque

British-owned Liberty, part of Sanjeev Gupta’s global GFG Alliance, has announced today that it has entered into a committed financing agreement with a syndicate of major international banks for the purchase of Aluminium Dunkerque, Europe’s largest aluminium smelter from Rio Tinto. The term loan secured on standard financial terms, provides five year committed funds. This now clears the way for the eagerly-anticipated deal on the 560-worker site to be formally completed before the end of November following the completion of closing mechanics. The announcement follows extensive talks over recent months aimed at securing French Government approvals, long-term power price contracts…