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UK giving Liberty Steel time to refinance, minister says

Reuters
FILE PHOTO: The Liberty Steel flag flies over the steel plant in Dalzell, Scotland

LONDON (Reuters) - Britain is giving the managers of Liberty Steel time to refinance the business after its biggest lender Greensill Capital went into insolvency last month, the business minister said on Thursday.

"Mr (Sanjeev) Gupta has said publicly that he will refinance those assets, my own view is that we should take him at his word and give him time to find finance," Kwasi Kwarteng told BBC Radio.

(Reporting by Kate Holton, editing by Elizabeth Piper)