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- GFG Alliance has acquired the former Arrium business, Australia's leading integrated mining and steel manufacturing firm, which employs around 6000 people.
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May 5, 2021 · May 5, 2021 – 10.46am. The insolvent trading action brought against Arrium Group’s board of directors and members of management has reached a settlement.
Sep 2, 2021 · The BOC plaintiffs alleged that the Arrium Group was insolvent by no later than 7 February 2016 because by that date it had no means of repaying the debt totalling approximately $871 million which would mature on or about 10 July 2017, because of the group’s deteriorating financial position.
Jul 4, 2017 · July 4, 2017. UK-based GFG Alliance has signed an agreement to acquire Australian mining and steel company Arrium, after submitting an improved offer. Under the agreement, GFG Alliance will acquire Arrium manufacturing, distribution and recycling, Whyalla steelworks and mining divisions.
Jul 4, 2017 · Media release > 4th July, 2017. Sanjeev Gupta’s GFG Alliance, the international industrial, energy, natural resources and financial services group, has today signed a binding agreement to acquire Arrium, the integrated Australian mining and steel business, out of administration.
Mar 2, 2021 · Lenders private equity firm Anchorage Capital Group, Commonwealth Bank of Australia, Deutsche Bank and global investment firm Davidson Kempner brought the first Arrium proceedings in April 2018 ...
Sep 10, 2021 · As discussed in the first issue of our Arrium Series, it was alleged, in both the BoC Proceedings and in related insolvent trading proceedings [2] that the Arrium Group as a whole was insolvent in January/February 2016 when various drawdown notices to the total value of approximately AUD 370 million were submitted and those loans advanced.
Aug 31, 2017 · Media release > 31st August, 2017. Global metals, industrials and energy group, the GFG Alliance, today completed the acquisition of Australia’s leading integrated mining, recycling, steel manufacturing and steel distribution business, creating a new future for thousands of workers and their communities. Executive Chairman of the GFG Alliance ...
