Gupta faces struggle to fund bid for insolvent UK steel arm | Money News
Sanjeev Gupta, the metals tycoon who saw his main UK business forced into insolvency this week, is facing a struggle to secure the funding required for a competitive bid to regain control of it. Sky News understands that an asset-based loan from BlackRock, the world’s biggest asset manager, would be expensive for Mr Gupta, with…