Acquisitions17 Sept 2025, 03:04 pm
JSW Steel to Acquire Additional 63.33% Economic Interest in M Res NSW HCC Pty Ltd for USD 60 Million
AI Summary
JSW Steel Ltd has announced the acquisition of additional 63.33% economic interest in M Res NSW HCC Pty Ltd through its wholly owned subsidiary JSW Steel (Netherlands) B.V. The transaction is for an aggregate consideration of USD 60 Million and will increase JSW Steel's effective economic interest in Illawarra Metallurgical Coal to 30% from 20%. The transaction will also lead to increased offtake rights for the company.
Key Highlights
- JSW Steel to acquire additional 63.33% economic interest in M Res NSW HCC Pty Ltd
- Transaction value is USD 60 Million
- Company's economic interest in Illawarra Metallurgical Coal to increase to 30%
- Increased offtake rights for the company
- Additional investment of up to USD 75 million may be required in 2030