GFG Alliance to acquire Tasmanian Electro Metallurgical Company (Temco)

GFG Alliance, through its Liberty Steel Group, has signed a binding agreement to acquire the Tasmanian Electro Metallurgical Company (Temco) in Bell Bay, Tasmania, from South32 and Anglo American. The deal secures 250 jobs.

“South32 confirmed in a statement this morning it had entered into 'a binding agreement' to sell TEMCO to GFG Alliance.”abc.net.au

• 2 sources
• abc.net.auSanjeev Gupta's GFG Alliance to buy Tasmania's TEMCO smelter from South32 - ABC NewsManika ChampAug 12, 2020
• elcorreogallego.esGFG Alliance, ‘novio’ de Alcoa San Cibrao, crece en Tasmania y FranciaJosé CalviñoAug 14, 2020

Summarized from public sources; check the original articles before acting on it.