Nov 6 (Reuters) - South32 Ltd S32.AX :
* SOUTH32 LTD - AGREEMENT TO DIVEST SOUTH AFRICA ENERGY COAL
* SOUTH32 LTD - SERITI WILL MAKE AN UP-FRONT CASH PAYMENT OF APPROXIMATELY 100 MILLION SOUTH AFRICAN RAND TO ACQUIRE SOUTH32'S SHARES IN SAEC
* SOUTH32- PURCHASE PRICE ALSO INCLUDES DEFERRED CONSIDERATION WHERE CO WILL RECEIVE 49% OF FREE CASH FLOW GENERATED BY SAEC FOR A PERIOD TO MARCH 2024
* SOUTH32 LTD - ENTERS BINDING CONDITIONAL AGREEMENT TO SELL 91.835% STAKE IN SOUTH32 SA COAL HOLDINGS PROPRIETARY TO UNIT OF SERITI & TWO TRUSTS
* SOUTH32 LTD - DEFERRED CONSIDERATION COMPONENT PAYMENT CAPPED AT A MAXIMUM OF 1.5 BILLION SOUTH AFRICAN RAND PER ANNUM
* SOUTH32 LTD - COMPLETION OF SALE "WILL SUBSTANTIALLY REDUCE CAPITAL INTENSITY, STRENGTHEN BALANCE SHEET & IMPROVE GROUP'S OPERATING MARGIN"
* SOUTH32 LTD - DOES NOT ANTICIPATE REPORTING A TAXABLE PROFIT ON TRANSACTION FROM EITHER UPFRONT OR DEFERRED CONSIDERATION