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The Australian part of Greensill Capital, the Bundaberg-headquartered financier that bankrolls the Whyalla steel mill, among other things, has followed its UK arm into administration.
Its not clear yet what impact this will have on the Whyalla mill, which is owned by British businessman Sanjeev Gupta and employs thousands of people. Weve gone to Guptas company, GFG, seeking comment.
As recently as Friday, GFG was saying it was not concerned and was working on refinancing its business.
In addition…

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