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Problems over Czech steel plant sold to Gupta couldn't be foreseen, EU's Vestager says

By Nicholas Hirst ( August 27, 2024, 11:32 GMT | Insight) -- The EU’s merger regulator has defended its role facilitating the sale of a Czech steel plant to the Liberty House Group of Sanjeev Gupta, once dubbed the "savior of steel." EU competition chief Margrethe Vestager said: “At the time, it was not possible to foresee the issues that would arise, including negative repercussions on employment.” Thousands of jobs now in danger at the Czech plant.The EU’s merger regulator has defended its role facilitating the sale of Czech steel assets to Sanjeev Gupta’s Liberty House Group six years ago, with thousands of jobs now in danger....

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