Announced
Financials
Tags
Acquisition
mining
Majority
Friendly
Cross Border
Pending
Spain
Private
Private Equity
Single Bidder
Copper
Synopsis
Sandfire Resources, a mining and exploration company, agreed to acquire MATSA, a mining complex in Spain, from Trafigura, a commodity trading and logistics house, and Mubadala Investment, a sovereign investor, for $1.9bn. "The MATSA acquisition transforms Sandfire into a first quartile copper producer of global scale and allows us to leverage our skill sent to deliver on our growth ambitions to create one of the highest quality and most compelling copper exposures on the ASX," Karl Simich, Sandfire CEO.
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