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 09:45:51| Grocery - 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
»
20.04App to cut EU border queues won't be ready in time
19.04PPG Board of Directors Announce Quarterly Dividend of 65 Cents Per Share
19.04Can AI help solve Japans labour shortages?
19.04 PPG Board of Directors Authorizes $2.5 Billion Share Repurchase Program
19.04Warning jailed bankers ruling could hit loan rate
19.04NFU Statement on EPA E15 Announcement
19.04Mark Andy hosts successful Digital Symposium
19.04K-State Animal Sciences and Industry students earn national title for fourth consecutive year
More »