Oct 14 (Reuters) - South32 Ltd (S32) :
- SOUTH32 TO ACQUIRE A 45% INTEREST IN SIERRA GORDA COPPER
- UPFRONT CASH CONSIDERATION OF US$1.55BLN
- SOUTH32 HAS ALSO AGREED TO PROVIDE SUMITOMO WITH A CONTINGENT PRICE-LINKED CONSIDERATION OF UP TO US$500M
- TRANSACTION IS EXPECTED TO BE IMMEDIATELY EARNINGS ACCRETIVE
- ENTERED INTO TWO BINDING CONDITIONAL AGREEMENTS WITH SUMITOMO METAL MINING AND SUMITOMO CORPORATION
- EXPECT TO USE CURRENT CASH GENERATION TO MINIMISE ACQUISITION DEBT FACILITY UTILISATION
- SIERRA GORDA EXPECTED TO IMMEDIATELY LIFT GROUP MARGINS AND EARNINGS
- COMPLETION OF TRANSACTION IS EXPECTED AROUND THE END OF CALENDAR YEAR 2021
- FUNDING WILL BE VIA COMBINATION OF CASH ON HAND AND AN UNDERWRITTEN US$1BLN ACQUISITION DEBT FACILITY
- LOOKING AHEAD, SEE AN OPPORTUNITY FOR CONTINUED STRONG PERFORMANCE AT SIERRA GORDA WITH NEW PARTNER, KGHM
News: S32 South32 Ltd Says To Acquire A 45% Interest In Sierra Gorda Copper
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Last
$2.62 |
Change
0.010(0.38%) |
Mkt cap ! $11.79B | |||
| Open | High | Low | Value | Volume |
| $2.62 | $2.65 | $2.60 | $31.97M | 12.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 81143 | $2.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.62 | 31376 | 1 |
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| Last trade - 16.10pm 16/09/2025 (20 minute delay) ? |
| S32 (ASX) Chart |