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Hannah Wootton

Goldman Sachs gives Frydenberg his first deal

It’s been ten years since Frydo was the best man at Stokes’ wedding. The pair’s latest dealings have a more business edge.

Ryan Stokes ramped up his mission to take over steel giant BlueScope on Wednesday, with his family’s SGH Limited and US group Steel Dynamics lobbing a best and final bid worth $15 billion.

As well as the details of the revised number were the names of the bankers on the letter that BlueScope Steel published on the ASX. Acting for SGH was federal treasurer-turned-Goldman Sachs local chairman Josh Frydenberg.

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