bullish
Whitehaven Nail the Landing, Patriot look to the Future
SUMMARY
- Blackwater sell down to Nippon and Jfezenhe Steel for US 1.08 billion upfront
- Deal includes selling 30% of Blackwater, reducing net debt by 150 million and potential future contingent payments
- Transaction costs and transition costs higher than expected, but deal significantly impacts balance sheet and future cash flow
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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