Announced
Synopsis
Yancoal Australia’s wholly owned subsidiary, Yancoal Moolarben, has entered into a binding agreement to purchase 10% stake in the Moolarben Coal Joint Venture - currently owned by Sojitz for A$300m in completion and deferred cash payments. Yancoal views the proposed acquisition as an attractive opportunity to increase its participating interest in the Moolarben JV from 85% to 95%. The immediate benefit will be the increase in attributable revenue, which Yancoal will consolidate into its financial results from this low cost, tier-1 asset; and with potential for the Moolarben JV to increase its production profile in the future, subject to ongoing work with external stakeholders.
Principals
Show Details & Financials
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.