Anglo American Sells Nickel Business for Up to $500 Million

Anglo American sells nickel business for $500mn
Anglo American has sold its nickel business for up to $500mn in cash as it works to radically restructure itself after rebuffing rival BHP’s £39bn takeover attempt last year. Anglo said on Tuesday that it had agreed to sell its nickel assets,
Anglo American to sell nickel business for up to $500 million
The deal comprises an upfront cash consideration of $350 million at completion, the potential for up to $100 million in a price-linked earnout and a contingent cash consideration of $50 million linked to an investment decision for development projects related to the nickel business,
Anglo American Agrees to Sell Brazil Nickel Mines to China’s MMG
Anglo American Plc said it’s agreed to sell its nickel business in Brazil to MMG Ltd. for as much as $500 million.
Anglo American presses ahead with demerger of platinum business
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Anglo American to sell Brazil nickel business for up to $500M, keep 20% of demerged platinum unit
Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY) said Tuesday it agreed to sell its nickel business in Brazil to Hong Kong-listed MMG Ltd. for as much as $500M, the latest step in the company's broader restructuring aimed at refocusing its operations on copper and iron ore mining.
Anglo American agrees $500m sale of nickel business
MMG Singapore Resources, a subsidiary of Melbourne-based mining firm MMG, has agreed to buy the FTSE 100 group's nickel operations for $350million upfront.
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