Greensill drops libel suit against Reuters over bond story

Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement to market participants in 2018.

The statement related to bonds it had issued the prior year on behalf of commodities tycoon Sanjeev Gupta.Greensill said in the May 2018 statement that the Scottish government had approved a guarantee related to a hydro power plant in Kinlochleven owned by Gupta’s GFG Alliance, which the bonds were secured against.

Greensill filed a claim for defamation against Reuters in England's High Court in August 2019 over the article.

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