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BRIEF-Yancoal Australia further amends its agreement to acquire Coal & Allied

Published 26/06/2017, 08:08 pm
BRIEF-Yancoal Australia further amends its agreement to acquire Coal & Allied
YAL
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June 26 (Reuters) - Yancoal Australia Ltd YAL.AX

* Has further amended its sale and purchase agreement to acquire 100 pct of Coal & Allied Industries associated royalty arrangements

* Deal has additional value of $US240 million via updated royalty payments across five years

* Purchase price remains US$2.45 billion, payable in full on completion

* Yankuang has also increased its financial support in relation to deposit arrangements in support of transaction

* Yankuang will now provide a US$125 million bank guarantee towards deposit arrangements, in addition to US$100 million deposit

* Yancoal has obtained New South Wales Government approvals required for transaction Source text for Eikon: ID:nASXbJ3tvd Further company coverage: YAL.AX

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