GFG Alliance to acquire Lochaber hydro plant and aluminium smelter

GFG Alliance companies SIMEC and Liberty House agreed to buy Rio Tinto Aluminium's Lochaber hydro power plant and aluminium smelter in Scotland for £330 million. The deal secures over 150 jobs and is expected to complete in four weeks.

“GFG’s acquisition of the high-profile Scottish Highlands installation will secure the jobs of more than 150 workers on site and hundreds more in the local and regional supply chain.”libertysteelgroup.com

• 3 sources
• libertysteelgroup.comGFG Alliance companies to acquire iconic Scottish Highlands’ power plant and smelter - LIBERTY Steel GrouplibertysteelgrNov 23, 2016
• libertysteelgroup.comGFG Alliance companies complete £330m Scottish acquisition and unveil major new investment plans for the Highlands - LIBERTY Steel GrouplibertysteelgrDec 19, 2016
• news.metal.comLiberty House, Gupta Acquire UK’s Last Aluminum Smelter - Shanghai Metals Market (SMM)MetalMinerDec 23, 2016

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