Noble Group Sells Donaldson For $618.5M

Sydney-based coal miner, Gloucester Coal, is acquiring Donaldson Coal for $618.5 million.

Sydney-based coal miner, Gloucester Coal, is acquiring Donaldson Coal for $618.5 million, Bloomberg reports. Hong Kong-based commodities firm, Noble Group, has sold Donaldson. Gloucester will pay $380 million in shares and also pay off Donaldson’s $237.62 million debt. The shares will be sold at $9.49 per share to the existing investors. The deal will give Gloucester three mining operations in Australia’s Hunter Valley.

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