Sesa Goa Limited, India’s largest exporter of iron ore in the private sector and a subsidiary of Anil Agarwal led Vedanta Resources Plc, has announced that it has acquired the remaining 49% of the outstanding common shares of Western Cluster Limited (WCL) from Elenilto Minerals Mining LLC, Delaware, for a cash consideration of $33.5 million. Post this transaction, Sesa’s shareholding in WCL will go up to 100%.
WCL seems to be a logical and strategic fit with Sesa’s existing iron ore
No comments:
Post a Comment