Yancoal Spreads Its Wings with Kestrel Acquisition
The deal adds a long-life metallurgical coal asset and is expected to boost scale and diversification for Yancoal, the company said.
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6 Articles
Yancoal spreads its wings with Kestrel acquisition
Yancoal Australia has successfully acquired an 80 per cent interest in the Kestrel coal mine. Image: Chalabala/stock.adobe.comYancoal Australia has successfully acquired an 80 per cent interest in the Kestrel coal mine in Queensland’s Bowen Basin. The coal miner is acquiring the entire share capital of Kestrel Coal Group (KCG), with an upfront cash consideration of US$1.85 billion paid on completion, subject to customary completion adjustments. …
Yancoal wraps up Kestrel mine acquisition - Industry Queensland
Yancoal Australia has completed the transaction to take over Kestrel Coal Group, which holds an 80 per cent stake in the Bowen Basin's Kestrel mine. The upfront cash consideration paid on completion was $US1.85 billion (about $2.66 billion) subject to customary completion adjustments. Payment of up to $US550 million ($792.5 million) more remains dependent upon the relevant benchmark coal price exceeding $US225/tonne (nominal) in any of the first…
Adaro Andalan Indonesia (AADI) completed the sale of a 47.99% stake in Kestrel Coal Group to Yancoal Australia for US$814.12 million.
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