A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Rio Tinto sells coal & allied to Yancoal
Rio Tinto announced it has reached an agreement to sell Coal & Allied Industries Ltd to Yancoal for up to $2.45 billion. This includes an initial $1.95 billion cash payment and $500 million in $100 million installments paid over five years. Prior to February 24, Yancoal Australia is entitled to elect an alternative purchase price structure of a single cash payment at completion of $2.35 billion. This sale delivers outstanding value for their shareholders and is consistent with their strategy of reshaping their portfolio to ensure the most effective use of capital, said Rio Tinto CEO J-S Jacques.
Rio Tinto sells coal & allied to Yancoal
Rio Tinto announced it has reached an agreement to sell Coal & Allied Industries Ltd to Yancoal for up to $2.45 billion. This includes an initial $1.95 billion cash payment and $500 million in $100 million installments paid over five years. Prior to February 24, Yancoal Australia is entitled to elect an alternative purchase price structure of a single cash payment at completion of $2.35 billion. This sale delivers outstanding value for their shareholders and is consistent with their strategy of reshaping their portfolio to ensure the most effective use of capital, said Rio Tinto CEO J-S Jacques.
Rio Tinto sells coal & allied to Yancoal
2017
Article (Journal)
English
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