simec-ports-bird-port-blyth

UK private ports backer in financial trouble

Concerns are mounting over the owner of a private UK port operator after its financial backer went into administration on 8 March. Specialist bank Greensill Capital was the main lender to Sanjeev Gupta, whose interests include Simec Ports, which owns and operates Bird Port on the river Usk near Newport in South Wales and port facilities in Blyth, Northumberland, along with a facility in Whyalla, South Australia. SIMEC, part of Sanjeev ... [+]