# GFG Alliance to merge steel operations into Liberty Steel Group

Sanjeev Gupta announced that his family's steel operations will be merged by the end of 2019 into a new entity, Liberty Steel Group, with $15 billion annual turnover, to prepare for a potential IPO. The group has 18 million tonnes annual output and 30,000 employees across 10 countries.

- Type: Acquisition
- Announced: 2019-10-29
- Where: United Kingdom
- Status: announced
- Capacity: 18 million tonnes per year
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Liberty Steel](https://endata.com/companies/16030.md)
- [GFG Alliance](https://endata.com/companies/19734.md)
- [Liberty Steel](https://endata.com/companies/16030.md) (acquirer)
- [Liberty Steel](https://endata.com/companies/16030.md) (target)
- [GFG Alliance](https://endata.com/companies/19734.md) (partner)
- [Liberty House Group](https://endata.com/companies/19785.md) (target)

## Sources

- [sg.finance.yahoo.com](https://sg.finance.yahoo.com/news/metals-tycoon-gupta-merge-steel-000652160.html), 2019-10-29: "British commodities tycoon Sanjeev Gupta will merge his family's steel operations by the end of the year into a new entity, the Liberty Steel Group, to be ready for a potential listing."
- [rothbiz.co.uk](https://www.rothbiz.co.uk/2019/10/news-7174-liberty-steel-plants-to-merge.html), 2019-10-30: "Liberty Steel Group, which altogether employs 30,000 people in ten countries, will be incorporated by the end of this year through a merger of GFG's upstream and downstream steel manufacturing, mining and distribution businesses around the world."
- [steelmarketupdate.com](https://www.steelmarketupdate.com/2019/11/01/liberty-steel-group-bigger-and-greener/), 2019-11-01: "We are creating a new force in steel with the size, scale and agility to forge a path towards a sustainable future for our steel businesses and the communities in which we operate."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.