WATCH: Anglo American reaches cash deal on acquisition of Sirius Minerals
Mining company Anglo American said on Monday it had reached agreement on the terms of a recommended cash transaction in which its subsidiary Anglo American Projects (Bidco) would acquire the entire issued share capital of Sirius Minerals. African News Agency (ANA)
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JOHANNESBURG – Mining company Anglo American said on Monday it had reached agreement on the terms of a recommended cash transaction in which its subsidiary Anglo American Projects (Bidco) would acquire the entire issued share capital of Sirius Minerals.
Anglo, which announced earlier this month it was in advanced discussions to buy Sirius, said the acquisition valued the entire issued and to be issued share capital at approximately £404.9 million.
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“Bidco and Sirius intend to work together (to the extent legally permissible) to engage constructively with relevant stakeholders,” it said.
Source: iol.co.za