GFG Alliance-backed Liberty Steel, a collection of global businesses and investments owned by Sanjeev Gupta and his family, completed the acquisition of Hayange Business and Plant of Ascoval in Saint-Saulve from Greybull Capital, a private equity firm. Financial terms were not disclosed. ”This is a landmark moment for the workers of Hayange and Ascoval, for the French steel industry, and for Liberty Steel Group’s Greensteel ambitions in France. We have been interested in both of these sites for many years and have always believed that their futures were interlinked. We will revive both businesses, in a partnership supported by the extended GFG Alliance,” Sanjeev Gupta, GFG Alliance Executive Chairman.