NUR HOLDINGS acquires Mongolia coal logistics biz for $150M - News.MN

NUR HOLDINGS acquires Mongolia coal logistics biz for $150M

Old News! Published on: 2014.11.03

NUR HOLDINGS acquires Mongolia coal logistics biz for $150M

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Мөнгөнтамир
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NUR HOLDINGS  announced the acquisition of 90% indirect equity interest in Takhidagkhairkhan Limited Liability Company with Foreign Investment, which is principally engaged in the logistic and storage management of coal in Mongolia. The consideration was reduced from the previous $290 million to $150 million, comprising cash of $75 million and the issue of $75 million six-month 6% promissory notes. The guaranteed profit for 2015 shall be not less than $36.3 million.

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