BRIEF-Anglo To Sell Australian Steelmaking Coal Mines To Peabody For Up To $3.8 Bln-March 2024-www.financetom.com

BRIEF-Anglo To Sell Australian Steelmaking Coal Mines To Peabody For Up To $3.8 Bln

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BRIEF-Anglo To Sell Australian Steelmaking Coal Mines To Peabody For Up To $3.8 Bln

Nov 24, 2024 11:48 PM

Nov 25 (Reuters) - Anglo American PLC ( AAUKF ):

* ANGLO AMERICAN TO SELL STEELMAKING COAL BUSINESS

* TO GENERATE UP TO $4.9 BILLION FROM COAL BUSINESS SALE

* TO SELL COAL MINES TO PEABODY FOR UP TO $3.775 BILLION

* PEABODY TO PAY $2.05 BILLION UPFRONT, $725 MILLION

DEFERRED FOR

COAL MINES

* TRANSACTION COMPLETION EXPECTED BY Q3 2025

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