- Aartee Bright Bar, Britain's largest distributor of steel products, could be sold to a third party after a judge put the holding company into compulsory liquidation.
- Liberty Steel, owned by metals tycoon Sanjeev Gupta, has been fighting to secure the long-term future of Aartee.
- Aartee owes £8.8mn to its UK holding company, Aartee Steel Group.
- GFG Alliance, which includes Liberty Steel, announced in February that it had acquired Aartee Group Pte Limited, Aartee's ultimate holding company.
- GFG's challenge to the administration was rejected by a judge earlier this month.
Battle over Liberty Steel customer Aartee Bright Bar intensifies after court ruling
Britain’s largest distributor of steel products could be sold as early as this week
Sylvia Pfeifer
