News Releases

Baker Botts Advises Coronado Group, LLC in Sale of Majority Interest in Coronado Global Resources Inc.


Deal Description: On September 24, 2023, Coronado Group, LLC (Coronado Group), an affiliate of The Energy & Minerals Group (EMG), entered into a definitive agreement with a wholly owned subsidiary of Sev.en Global Investments A.S. (Sev.en), a Czech-based investment group focused on investment in the power generation and mining sectors, pursuant to which Coronado Group and certain other sellers agreed to sell to Sev.en a 51% interest in Coronado Global Resources Inc. (ASX: CRN). The 51% interest consists of shares of common stock and chess depositary interests owned by Coronado Group and certain other sellers, as well as the sole share of Series A preferred stock held by Coronado Group. The transaction is subject to customary closing conditions, including regulatory approvals in Australia and the United States.

Baker Botts L.L.P. is advising Coronado Group in the proposed transaction.

Coronado Global Resources produces high-quality metallurgical coal from three mining complexes, in two of the largest and most productive metallurgical coal basins in the world – Queensland’s Bowen Basin in Australia and the Central Appalachian region of the United States. The annual coal production of approximately 16 million tonnes ranks the company among the top five producers of metallurgical coal in Australia and the United States.

Baker Botts Lawyers/Office Involved:

For more information, please see the news release issued by Coronado Global Resources by clicking here.

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