Monday, May 23, 2016

RPT-UPDATE 1-Collapsed Australian steelmaker Arrium eyes sale of profitable Moly-Cop unit

SYDNEY, May 23 (Reuters) - Troubled Australian steel group

Arrium Ltd, which collapsed last month after creditors

rejected a private equity bailout, will hire a global investment

bank to advise on the sale of its profitable Moly-Cop mining

supplies unit, the firm's administrator said on Monday.

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