Home Two years after fetching $1 billion debt-ridden Grande Cache Coal unloaded for $2
 

Keywords :   


Two years after fetching $1 billion debt-ridden Grande Cache Coal unloaded for $2

2014-10-02 08:38:17| Food - Topix.net

Two Asian firms that paid $1 billion to purchase Calgary-based Grande Cache Coal Corp. in 2011 are unloading most of it for $2 US to a new owner that will assume its debt. Chinese coal producer Up Energy Development Group Ltd. said Wednesday it has entered memorandums of understanding with Hong Kong-based Winsway Enterprises Holdings Ltd. and Tokyo-based Marubeni Corp. to acquire much of their interests in Grande Cache Coal, which produces steelmaking coal for export into Asian markets.

Tags: for years grande billion

Category:Food and Related Products

Latest from this category

All news

»
16.11CD
16.11 SwitchEL+ ()
16.11
16.11rac lt nspro 950gh S
16.11Switch --
16.11
16.114
16.11
More »