Australian steelmaker Arrium to get new administrator

April 12, 2016 10:07 AM

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SYDNEY, April 12 Debt-laden Australian steel maker Arrium Ltd will get a new administrator after the company's major lenders and workers union filed an application in a federal court seeking to have Grant Thornton replaced.

The application seeks to appoint KordaMentha as replacement voluntary administrators of Arrium and 93 of its Australian subsidiaries. Grant Thornton said in a statement that it supported the application.

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