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New Deal


Announced

Contemporary Amperex Technology to acquire a 25% stake in the Kisanfu copper-cobalt mine from China Molybdenum for $137m.

Financials

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Transaction Value£100m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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General Mining

Private

Acquisition

copper mining

Friendly

cobalt mining

Pending

Congo (Democratic Republic of the)

Minority

Single Bidder

Cross Border

Synopsis

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Contemporary Amperex Technology, a Chinese battery maker, agreed to acquire a 25% stake in the Kisanfu copper-cobalt mine in the Democratic Republic of Congo from China Molybdenum, the largest molybdenum producer in Mainland China, for $137m. A broad strategic partnership between the two companies will see them cooperate in nickel, including in Indonesia where they both have projects, as well as in global acquisitions, investments and development of lithium.

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