September 22, 2017 / 6:58 AM / 5 months ago

Central Asia Metals to buy Lynx Resources for $402.5 million

(Reuters) - Kazakhstan-focused copper miner Central Asia Metals (CAML.L) said it would buy Bermuda-based Lynx Resources Ltd in a $402.5 million reverse-takeover deal from its owners.

    The acquisition would be funded by a mix of debt and cash, Central Asian Metals said on Friday.

    The zinc miner is owned by Bermuda-based fund Orion Co-Investments III L.P. and Swiss PE firm Fusion Capital AG.

    The deal is expected to be both earnings- and cash-flow-per-share-accretive in the first full year, the company said.

    Reporting by Rahul B in Bengaluru; Editing by Sunil Nair

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below