British-Indian steel tycoon makes bid for French aluminium wheels maker

first_imgBritish-Indian steel tycoon Sanjeev Gupta has made a formal bid to acquire the only French manufacturer of aluminium wheels, AR Industries.Gupta’s global industrial group, GFG Alliance, submitted the bid to the court administrators for AR Industries (ARI) at Chateauroux in the Centre-Val de Loire region of France.If GFG Alliance is successful in its bid, it could help save nearly 400 jobs as part of a plan to rescue and revive ARI, the only French manufacturer of aluminium wheels.Read it at Hindustan Times Related Itemslast_img read more