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New Deal


Announced

Hainan Mining to acquire a minority stake in Kodal Minerals for $118m.

Financials

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Transaction Value£98m
Consideration TypeCash
Capital Owned-
Capital Bid For15%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Nonferrous Metals

Acquisition

lithium mining

Majority

Pending

Private

Single Bidder

Cross Border

United Kingdom

Friendly

Synopsis

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Hainan Mining, a mining company, agreed to acquire a minority stake in Kodal Minerals, a lithium explorer, for $118m. “This investment in Kodal and Kodal Mining UK Ltd is in line with our strategy of improving the level of resource and feedstock security and commencing the building of our lithium hydroxide supply chain," Liu Mingdong, Hainan Mining Chairman.

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