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BRIEF-Glencore to buy Rio Tinto's stake in Coal & Allied for $2.5 bln
2017年6月9日 / 下午5点15分 / 5 个月前

BRIEF-Glencore to buy Rio Tinto's stake in Coal & Allied for $2.5 bln

June 9 (Reuters) - Glencore Plc:

* Submits proposal to acquire Coal & Allied

* Submits fully funded proposal to acquire Coal & Allied and agrees conditional acquisition of Mitsubishi’s interest in coal & allied mines

* To acquire Rio Tinto’s 100 pct interest in Coal & Allied industries limited (“C&A”) for $2.55 bln cash plus a coal price linked royalty

* Cash unit comprises $2.05 billion payable on completion and $500 million in deferred cash payments, payable installments of $100m over five years post completion

* Proposal will be funded from existing cash resources and committed facilities and is subject only to regulatory conditions

* If a deal is concluded, co to mitigate financial commitment via sale of assets of no less than $1.5 billion, including option of selling up to 50 percent of interest in C&A mines Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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