# GFG Alliance to acquire Arrium mining and steel business

GFG Alliance signed a binding agreement to acquire Arrium, an integrated Australian mining and steel business, including iron ore operations, Whyalla Steelworks, and OneSteel businesses.

- Type: Acquisition
- Announced: 2017-12-12
- Where: Australia
- Jobs: 5,500
- Status: announced
- Products: iron ore, steel, 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

- [industrysourcing.com](https://www.industrysourcing.com/article/gfg-alliance-acquire-australian-mining-steel-group), 2017-12-12: "Sanjeev Gupta’s GFG Alliance, the international industrial, energy, natural resources and financial services group, has 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.