CCI Approves Acquisition by Peabody MNG and Peabody SMC

18 Mar 2025 CW Team

The Competition Commission of India (CCI) has approved the acquisition of Anglo American plc鈥檚 steel-making coal portfolio in Australia by Peabody MNG Pty Ltd and Peabody SMC Pty Ltd.

Details of the Acquisition: Acquirers: The proposed transaction involves the acquisition by Peabody MNG Pty Ltd and Peabody SMC Pty Ltd (collectively referred to as the Acquirers). Nature of the Transaction: The Acquirers will acquire a portion of assets and businesses associated with Anglo American plc鈥檚 (Anglo) steel-making coal portfolio in Australia. Parent Company: Both entities are special purpose vehicles (SPVs) created for this acquisition and are ultimately owned by Peabody Energy Corporation (Peabody).

About Peabody Energy Corporation Peabody is a global producer and supplier of metallurgical and thermal coal. The company operates through its affiliates under the Peabody Group. Peabody鈥檚 India operations are primarily focused on coal imports.

About Anglo American plc鈥檚 Target Business The Target Business includes Anglo鈥檚 steel-making coal assets and businesses in Australia. Anglo American plc is a global mining company. In India, the Target Business is engaged in coal imports. Next Steps The detailed order of the Competition Commission of India (CCI) will be released in due course.

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