Yancoal to raise $2.5bn for Hunter Valley coal acquisition

August 2, 2017

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ASX-listed Yancoal on Wednesday announced a $2.5-billion capital raise to fund the acquisition of mining major Rio Tinto’s Coal & Allied assets.

Yancoal told shareholders that the company would launch a 23.6-for-1 pro-rata renounceable entitlement offer, priced at 10c each, to raise the funds.

Category: General