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ACN 004 410 833 Ltd (ARI.AX)

ARI.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kordamentha Restructuring announces completion of Arrium Australia sale
Thursday, 31 Aug 2017 06:44pm EDT 

Sept 1 (Reuters) - Kordamentha Restructuring::Completion of Arrium Australia sale.Completed sale of Arrium Group companies to the GFG Alliance.  Full Article

Kordamentha Restructuring says committee of creditors approve sale of Arrium Group to GFG Alliance​
Wednesday, 12 Jul 2017 10:19pm EDT 

July 13 (Reuters) - ‍Kordamentha restructuring :‍Kordamentha restructuring says committee of creditors today approved sale of arrium group to gfg alliance​.  Full Article

Kordamentha Restructuring to sell Arrium divisions to GFG Alliance
Tuesday, 4 Jul 2017 09:08pm EDT 

July 5 (Reuters) - Kordamentha Restructuring:Agreement signed to save Arrium Australia and Whyalla-ari.ax.Signed agreement for sale of Arrium manufacturing, distribution and recycling, Whyalla steelworks and mining divisions.Kordamentha restructuring announces sale of Arrium divisions to GFG Alliance.Says sale is subject to approval by Arrium committee of creditors and foreign investment review board.  Full Article

KordaMentha Restructuring announces Korean bidder for Arrium
Thursday, 15 Jun 2017 03:59am EDT 

June 15 (Reuters) - KordaMentha Restructuring::Selection of preferred bidder-ARI.AX.Announced it had chosen a Korean consortium as preferred bidder for Arrium Group of companies.Consortium is headed by Newlake Alliance Management and JB Asset Management and is supported by Posco company.  Full Article

Arrium updates on sale and recapitalisation process of Arrium Australia
Tuesday, 20 Dec 2016 12:27am EST 

Arrium Ltd : Arrium Australia sale and recapitalisation process is progressing .Sale process will, following a break during christmas/new year period, resume in January 2017.  Full Article

Arrium Ltd announces sale of U.S.-based Moly-Cop division
Thursday, 3 Nov 2016 11:31pm EDT 

Arrium Ltd : Arrium announces sale of Moly-Cop .Under terms of share sale agreement total enterprise value is $1.23 billion.  Full Article

Kordamentha updates on recapitalisation for the Arrium group of companies
Monday, 4 Jul 2016 01:31am EDT 

Kordamentha : proposing dual track process for Moly-Cop, involving a trade sale or an initial public offering . Korda proposes sale/recapitalisation of Arrium Australia's steelworks, port and mining operations at whyalla, with manufacturing, distribution and recycling businesses. . anticipated that the marketing program for the sale/recapitalisation processes will commence in mid to late July 2016 . also received significant interest in the Arrium Australia businesses, with enquiries from parties including global steel companies . "progress is being made to reduce the cost base of the mining and steel operations at whyalla" . "targeting total annualised cost savings since the commencement of initiatives in October 2015 of approximately $300 million" .  Full Article

Kordamentha updates on Arrium recapitalisation process
Monday, 23 May 2016 07:21pm EDT 

Kordamentha: Update on the recapitalisation/sale process .Kordamentha - says is anticipated that Arrium recapitalisation / sale process will commence in late July 2016 and be largely completed by end of 2016.  Full Article

Arrium Ltd says roles of CEO and chief executive strategy redundant
Friday, 6 May 2016 03:03am EDT 

Arrium Ltd : Executive changes . Says roles of chief executive officer and chief executive strategy redundant; Andrew Roberts and Naomi James have left the organisation .  Full Article

Arrium says CFO Robert Bakewell has resigned
Tuesday, 5 Apr 2016 09:34pm EDT 

Arrium Ltd:Says Anthony Brooks has been appointed interim chief financial officer.Says chief financial officer, Robert Bakewell has resigned from company.  Full Article

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Britain's GFG Alliance says signed binding agreement to buy Australia's Arrium

SYDNEY/SEOUL British consortium GFG Alliance said on Wednesday it had signed a binding agreement to acquire deeply indebted Australian steel company Arrium Ltd , trumping a South Korean group backed by steel giant Posco .