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Britain's Liberty House Group said on Monday it submitted a revised bid for troubled Australian steel group Arrium Ltd, after last week conceding defeat to a South Korean private equity syndicate. "We remain passionate about the opportunity and intend to continue pursuing discussions," Liberty House said in an email to Reuters. The Seoul-based private equity syndicate led by Newlake Alliance and JB Asset Management was named on June 15 as the preferred bidder over Liberty, and that was thought to be the end of more than a year of Morgan Stanley-led efforts to provide a financial rescue package to Arrium.
The following are the top stories on the business pages of British newspapers. * The chief executive of Firstgroup Plc has had his 723,415 pounds ($922,571) annual bonus withheld because of the Croydon tram crash in which seven people died and 58 were injured. Safra Group, the Brazilian banking group controlled by Joseph Safra, is said to be mulling options for a sale of the Gherkin, according to EG, a property magazine.
New York, February 07, 2017-- Moody's Investors Service said the potential strike at BHP Billiton's Escondida copper mine in Chile and a potential production curtailment at Freeport-McMoRan's Grasberg ...