"It is understood that insolvency firm Korda Mentha, which has been advising the unions caught in the collapse, will be appointed as the new administrator.
McGrath Nicol, which has been advising Arrium's lenders, will assist Korda Mentha.
It is understood that the decision to switch administrators was made last night and Grant Thornton has agreed to the change. "
ARI Price at posting:
2.2¢ Sentiment: None Disclosure: Held
