Monday, January 20, 2020

Anglo American agrees £405m takeover deal for Sirius Minerals

Agreement rescues plans to dig the UK’s first deep mine in 40 years in the North York Moors

The mining company Anglo American has agreed to buy Sirius Minerals for £405m in a deal that rescues plans to dig the UK’s first deep mine in 40 years under the North York Moors.

The pair revealed this month they were in advanced talks over a deal that would hand the struggling fertiliser miner to Anglo for a price of 5.5p a share, which valued the company at £386m.

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from Mergers and acquisitions | The Guardian https://ift.tt/38qH0SK

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