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GFG Alliance member companies SIMEC and Liberty House agreed to purchase a hydro-power and aluminium smelting operation at Lochaber in the Scottish Highlands from Rio Tinto Aluminium for £330 million. The deal includes hydro plants at Lochaber and Kinlochleven, a Lochaber aluminium smelter, and a 100,000-acre estate.
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.