Anglo American Exits Coal With $3.8B Sale To Peabody Energy
Anglo American is selling its remaining steelmaking coal assets for up to $3.8 billion to U.S. firm Peabody Energy, as the London-listed mining giant restructures its business after rejecting several takeover bids by rival BHP.
Anglo American sells remaining coal assets for $3.8bn in first stage of restructuring
US miner Peabody Energy has agreed to buy Anglo American’s remaining steelmaking coal mines in Australia for up to $3.78bn, securing a key first milestone in Anglo’s radical restructuring plan. The transaction is the first of four big business divestments that the company promised in May after it fought off a £39bn hostile takeover attempt from BHP.
Anglo American to sell steelmaking coal assets to Peabody Energy for $3.8 billion
Anglo American’s deal sits in line with the mining company’s plans to refocus its business on copper, iron ore and crop nutrients.
Anglo American Exits Steel Coal Mining With Australian Sale
Mining group Anglo American on Monday said it had agreed to offload its remaining Australian coal mines for steelmaking to US group Peabody Energy for up to US$3.8 billion.
Mining giant Anglo American to sell steelmaking coal business
British mining giant Anglo American is set to sell its remaining steelmaking coal business to Peabody Energy, the London-based firm said on Monday. The deal is worth up to $3.775 billion, including an upfront payment of $2.
Anglo American to sell steelmaking coal business for up to $3.775 billion to Peabody Energy
Anglo American on Monday said it’s reached a deal to sell its steelmaking coal business to Peabody Energy for up to $3.775 billion in cash. Peabody will pay $2.05 billion at completion, deferred cash of $725 million,
Anglo American exits steelmaking coal business with $3.9bn asset sale
Anglo American now intends to sell the rest of the portfolio to Peabody Energy, a coal mining firm headquartered in St Louis, Missouri, for $2.05billion upfront and a deferred payment of $725million.
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