Todd Corp may bid for troubled Australian steelworks Arrium

Tue, 03 May 2016

By Tina Morrison May 4 (BusinessDesk) - Todd Corp, the holding company for New Zealand’s wealthiest family, may make a bid for Australian iron ore miner and steelmaker Arrium which is in voluntary administration, according to an Australian media report. The Wellington-based company may be interested in buying all of Arrium, which is currently in the hands of administrators KordaMentha, although its strategy may involve breaking up various parts of the operation to Chinese entities, the Australian newspaper reported, citing sources it didn...

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