EMR and Adaro raising Kestrel acquisition finance

In:

Metals and Mining

Region:

Asia-Pacific

By Sean Keating

EMR Capital and Adaro Energy, which recently announced their $2.25 billion acquisition of Rio Tinto’s 80% stake in the Kestrel coal mine in Queensland, have raised a combination of mezzanine and senior debt to fund the deal. Varde Partners and Nomura are set to provide $400 million of...

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