Reported 8 months ago
The majority stake owner of Sydney-listed Coronado Global Resources Inc. halted the sale to Czech tycoon Pavel Tykac’s Sev.en Global Investments due to unmet conditions in the agreement by the deadline. Sev.en aimed for expansion opportunities across Coronado’s coal assets in Australia and the US. The Energy & Minerals Group, the seller, decided not to proceed with the 51% stake sale, impacting Coronado's shares negatively.
Source: YAHOO