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New Deal


Announced

Completed

Glencore completed the acquisition of a 66.66% stake in Correjon mine joint venture from BHP and Anglo American for $588m.

Financials

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Transaction Value£423m
Consideration TypeCash
Capital Owned33%
Capital Bid For67%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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General Mining

Acquisition

Friendly

Private

Cross Border

coal-export mining operation

Colombia

Majority

Single Bidder

Completed

Synopsis

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Glencore, a global diversified natural resource company, completed the acquisition of a 66.66% stake in Correjon mine joint venture from BHP, a mining company, and Anglo American, a mining company, for $588m. “Glencore has been involved with Cerrejón for more than 20 years. We know the asset well and believe that we are the most responsible steward for Cerrejón at this stage of its lifecycle," Ivan Glasenberg, Glencore CEO.

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