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BRIEF-South32 says acquisition of Metropolitan Colliery will not proceed
April 17, 2017 / 10:46 PM / 4 months ago

BRIEF-South32 says acquisition of Metropolitan Colliery will not proceed

April 18 (Reuters) - South32 Ltd

* acquisition of the Metropolitan Colliery will not proceed-

* Proposed buy of Metropolitan Colliery, associated 16.67% interest in Port Kembla coal terminal from Australian unit of Peabody to not proceed

* Not prepared to make significant concessions in favour of Australian steelmakers that would likely be required to mitigate competition concerns Source text for Eikon: Further company coverage:

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