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John Glover

HMRC withdraws petition to wind up Liberty Steel after 'significant' investment

Liberty Steel HMRC United Kingdom

HM Revenue & Customs has withdrawn its petition to wind up Liberty Steel, as parent company GFG Alliance revealed how further funds have been injected, potentially saving thousands of jobs.

Significant progress with creditors has been flagged by the steel giant, which has interests across the UK and worldwide.

The group put in £50m of shareholder funding to restart the operations at Liberty Steel UK in October and a further “significant injection” of capital has let the company continue to work.

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