Trafigura, Sidenor Eye Spanish Aluminum Plant on GFG’s Buy List

Trafigura Group and steelmaker Sidenor Aceros Especiales SL are among the companies that have shown interest in taking over an aluminum plant in Spain that industrialist Sanjeev Gupta was looking to add to his GFG Alliance, according to people familiar with the matter.

Alcoa Corp. has been trying to sell the aluminum smelter in Galicia, in the northwest of the country, since last year. GFG’s aluminum unit Alvance was in advanced talks with the Spanish government to take over the plant when Greensill Capital, its main financier, collapsed, casting doubt over the company’s ability to run the business. ...