From Nasdaq.: 2025-01-29 02:28:29

Anglo American Plc has completed the sale of its 33.3% minority interest in Jellinbah Group Pty Ltd. to Zashvin Pty Ltd. The total cash proceeds from the deal were A$1.6 billion or around $1.0 billion. The completion of the deal was originally expected in the second quarter of 2025. Zashvin was an existing shareholder in Jellinbah, along with Anglo American and Marubeni. The sale is part of Anglo American’s divestment of its steelmaking coal portfolio, with plans to sell the rest to Peabody for up to US$3.8 billion.



Read more at Nasdaq.: Anglo American Divests 33.3% Stake In Jellinbah JV For A$1.6 Bln