G&W and Macquarie to buy Glencore Rail coal haulage business

GRail coal train.

AUSTRALIA: Genesee & Wyoming Inc announced on October 20 that it had entered into agreements to acquire mining company Glencore’s Hunter Valley coal haulage business for A$1·14bn. G&W will concurrently issue a 49% equity stake in Genesee & Wyoming Australia to funds managed by Macquarie Infrastructure & Real Assets, saying ...

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