Syndicate ready to give OZ Minerals a new lifeline

20/05/2018 Posted by admin

MELBOURNE – Debt- laden miner OZ Minerals is expected to be handed a recapitalisation proposal today that would avoid the need to sell key assets to a Chinese state-owned company. New suitors have emerged, with OZ Minerals just days from finalising a deal with China Minmetals Non- ferrous Metals Company Ltd that would get the Australian company out of debt. It is believed the new proposal would avoid a huge sell-off of the company’s key assets and is intended to be handed to OZ Minerals directors today. Under the plan, $1.25 billion in fresh equity and convertible bonds and another $249 million in a working capital facility would be provided.
Nanjing Night Net

This story Administrator ready to work first appeared on Nanjing Night Net.

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