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New Deal


Announced

Golden Energy and Resources and M Resources to acquire Illawarra Metallurgical Coal from South32 for $1.3bn.

Financials

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Transaction Value£1,027m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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coal mining

Australia

Coal

Acquisition

Majority

Private

Pending

Friendly

Single Bidder

Cross Border

Synopsis

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Golden Energy and Resources, a mining company, and M Resources, a metallurgical coal industry services provider, agreed to acquire Illawarra Metallurgical Coal from South32, a mining and metals company, for $1.3bn. "This transaction will realise significant value for our shareholders and is consistent with our strategy to reshape our portfolio toward commodities critical in the transition to a low-carbon future,” Graham Kerr, South32 CEO.

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