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New Deal


Announced

Anglo American sold its stake in Johnson Matthey Fuel Cells to Johnson Matthey.

Financials

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Transaction Value-
Consideration Type-
Capital Owned83%
Capital Bid For18%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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research company

Acquisition

Minority

United Kingdom

fuel cells

Private

Specialty Chemicals

Synopsis

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Anglo American, a multinational mining company, sold its stake in Johnson Matthey Fuel Cells, its joint venture with Johnson Matthey, a British multinational speciality chemicals and sustainable technologies company. JMFC focuses on the research and development of fuel cell technology and has operations in the UK, USA, Japan, Hong Kong, Korea and Taiwan. Financial terms were not disclosed.

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