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Arrium Ltd (ARI.AX)

ARI.AX on Australia Stock Exchange

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Wed, Jul 5 2017

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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 .

UPDATE 2-Britain's GFG Alliance says signed binding agreement to buy Australia's Arrium

* Arrium owes creditors over $2 bln (Add comments from Newlake source and KordaMentha spokesman)

S.Korean consortium still interested in buying Arrium - Newlake source

SEOUL, July 5 A South Korean consortium backed by steelmaker POSCO is still interested in buying Australian steel company Arrium Ltd, an official at Newlake Alliance which leads the consortium told Reuters on Wednesday.

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

SYDNEY, July 5 British consortium GFG Alliance on Wednesday said it has signed a binding agreement to acquire highly indebted Australian steel company Arrium Ltd.

UPDATE 2-Britain's Liberty House submits revised bid for Australia's Arrium

* Liberty submits bid, says "passionate" about Arrium turnaround

Britain's Liberty House submits revised bid for Australia's Arrium

SYDNEY Britain's Liberty House Group said on Monday it submitted a revised bid for troubled Australian steel group Arrium Ltd , after last week conceding defeat to a South Korean private equity syndicate.

UPDATE 2-S.Korean consortium led by Newlake preferred bidder for Arrium - administrator

SYDNEY, June 15 A South Korean private equity syndicate led by Newlake Alliance and JB Asset Management has been named as the preferred bidder in the sale process for troubled Australian steel group Arrium Ltd, Arrium's financial administrator confirmed on Thursday.

Korean consortium led by Newlake preferred bidder for Arrium - source

SYDNEY, June 15 A South Korean private equity syndicate led by Newlake Alliance and JB Asset Management has been named as the preferred bidder in the sale process for troubled Australian steel group Arrium Ltd, a source with direct knowledge of the process told Reuters on Thursday.

Australia's Arrium steel group narrows buyers to two

SYDNEY Final bids were lodged on Wednesday for the assets of Australian steel group Arrium Ltd, with creditors hoping for a one-price-for-everything transaction completed by the end of the month, two sources familiar with the matter said.

Australia's Arrium steel group narrows buyers to two

SYDNEY, May 31 Final bids were lodged on Wednesday for the assets of Australian steel group Arrium Ltd , with creditors hoping for a one-price-for-everything transaction completed by the end of the month, two sources familiar with the matter said.

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