India, March 17 -- The Government of India issued the following news release:
The Competition Commission of India has approved acquisition of steel-making coal portfolio of Anglo-American plc in Australia by Peabody MNG Pty Ltd and Peabody SMC Pty Ltd.
The proposed transaction involves the acquisition by Peabody MNG Pty Ltd (Peabody MNG) and Peabody SMC Pty Ltd (Peabody SMC) (collectively, Acquirers), of a portion of assets and businesses associated with Anglo American plc's (Anglo) steel-making coal portfolio in Australia (Proposed Combination).
The Acquirers are newly incorporated special purpose vehicles formed for the purposes of the Proposed Combination. Each of them is ultimately owned by Peabody Energy Corporation (Peabody). Peabo...