Korean PE consortium named preferred bidder for Arrium
A consortium headed by two Korean private equity firms and supported by domestic steelmaker Posco has been selected as the preferred bidder for distressed Australian mining and minerals giant Arrium.
KordMentha, Arrium’s administrator, identified the private equity firms as Newlake Alliance and JB Asset Management. It said the Korean consortium was one of two shortlisted bidders for the asset, alongside...
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