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
$3.55 |
Change
0.050(1.43%) |
Mkt cap ! $16.07B | |||
| Open | High | Low | Value | Volume |
| $3.48 | $3.56 | $3.45 | $59.49M | 16.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 250000 | $3.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.56 | 54449 | 7 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$3.55 |
Change
0.050 ( 1.33 %) |
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| Open | High | Low | Volume | ||
| $3.49 | $3.56 | $3.45 | 8702526 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| S32 (ASX) Chart |