# GFG Alliance signs binding agreement to acquire Arrium

GFG Alliance signed a binding agreement to acquire Arrium, the integrated Australian mining and steel business, out of administration, securing jobs of over 5,500 Australian workers and including iron ore mining, Whyalla Steelworks, OneSteel, and Australian Tube Mills.

- Type: Acquisition
- Announced: 2017-07-04
- Where: Whyalla, South Australia; various locations, Australia
- Jobs: 5,500
- Status: announced
- Products: iron ore, steel products, scrap recycling, steel pipe and tube
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [GFG Alliance](https://endata.com/companies/19734.md) (acquirer)
- [Arrium](https://endata.com/companies/23054.md) (target)

## Sources

- [gfgalliance.com](https://www.gfgalliance.com/media-release/gfg-alliance-signs-binding-agreement-to-acquire-flagship-australian-integrated-mining-and-steel-group-arrium/), 2017-07-04: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.