GFG’s Gupta says seeking standstill with Greensill administrators By Reuters

March 12, 2021 admin Stock News 0

© Reuters. FILE PHOTO: Logo of Greensill Bank is pictured in downtown Bremen

LONDON (Reuters) – The GFG Alliance is holding talks with administrators of Greensill Capital, which filed for insolvency this week, on a standstill agreement, GFG’s head Sanjeev Gupta said on Friday.

“We are also having constructive discussions with Greensill’s administrators … negotiating a formal standstill agreement,” Gupta said in an internal message to GFG workers made available to Reuters by the company. 

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