What is the Status on GIC’s Investment in Arrium?
Posted on 08/26/2016
Companies in the Australian commodity sector have taken a beating for quite some time. Singapore’s GIC Private Limited is overseeing its large stake in Australian steel and iron ore supplier Arrium Limited, according to The Straits Times. On April 12, 2016, Arrium entered into voluntary administration after lenders rejected a US$ 927 million recapitalization plan […]
- Government of Singapore Investment Corporation
- Morgan Stanley