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New UserCzech Tycoon’s Takeover of Sydney-Listed Coal Miner Falls Through
25 Jun 2024
The owner of a
majority stake in Sydney-listed metallurgical coal producer Coronado Global Resources Inc. terminated its sale
to Czech tycoon Pavel Tykac’s Sev.en Global Investments.
The Energy & Minerals Group said on
Tuesday it wouldn’t proceed with the sale of its 51% stake after conditions in
a September agreement, including approval by Australia’s Foreign Investment
Review Board, hadn’t been met by a June 22 deadline.