Liberty House beats Korean PE consortium to Arrium deal
A group led by UK-based industrials and metals group Liberty House has agreed to acquire distressed Australian mining giant Arrium, beating out a private equity-backed Korean consortium.
Newlake Alliance and JB Asset Management – whose offer was supported by Korean steelmaker Posco – were named the preferred bidder for the company in June. GFG Alliance, which is controlled by the Gupta...
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