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05 Jul
08:33

Liberty to buy Arrium after outbidding rival

The UK’s Liberty House signed a binding agreement to buy Arrium and its assets overnight after submitting an improved bid on Tuesday night. Arrium’s administrators had previously said a rival bid from a Korean partnership was preferred, and details of the new bid have not yet been released, Kallanish notes. “We have a vision to create a vertically integrated and sustainable industrial business that encompasses mining, metal recycling, primary m…
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