Anglo sold to American
US-based Peabody, the new owner of Anglo’s Bowen Basin coal business
After months of speculation Anglo American has sold its Bowen Basin coal business to US-based coal miner Peabody.
Anglo has entered into a relatively complicated sale process to maximise its sale price. According to Peabody, the transaction agreement provides for an upfront cash payment of US$1.695 billion and $625 million of deferred cash payments over …
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