BUZZ-Peabody Energy falls after agreeing to buy coal assets from Anglo American

Reuters
25 Nov 2024
BUZZ-<a href="https://laohu8.com/S/BTU">Peabody</a> Energy falls after agreeing to buy coal assets from Anglo American

** Shares of U.S.-based coal producer Peabody Energy Corp BTU.N fall 1.9% to $26.89

** Co to acquire Australian steelmaking coal assets from Anglo American AAL.L for cash consideration of up to $3.78 bln

** Acquisition includes four metallurgical coal mines – Moranbah North, Grosvenor, Aquila and Capcoal – located in Australia's Bowen Basin

** Acquisition is expected to increase BTU's metallurgical coal production from an est 7.4 mln tons in 2024 to an expected 21 mln tons–22 mln tons in 2026

** Deal is expected to close mid-2025

** Including session's move, stock up 12.7% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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