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‘Bright future’: Britain’s GFG Alliance to buy Arrium steelworks, beating Korean offer – The Sydney Morning Herald

An agreement has been reached to sell steelmaker and mining group Arrium to GFG Alliance, ending more than a year of uncertainty for the struggling company.

The administrator KordaMentha announced on Wednesday morning that it had signed a binding agreement to sell Arrium to the London-based group, which is owned by the Gupta family from Britain.



Unions rally against penalty rate cuts



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Read the full article at: http://www.smh.com.au/business/mining-and-resources/bright-future-britains-gfg-alliance-to-buy-arrium-steelworks-beating-korean-offer-20170705-gx4wbw.html

Category: LiquidationBy Insolvency GuardianJuly 5, 2017

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