Clearwater Capital sells Oz's Griffin Coal to Lanco
Clearwater Capital Partners has sold Griffin Coal Mining Company and Carpenter Mine Management to Lanco Resources Australia, a division of Indian energy firm Lanco Infratech, for an estimated A$750 million ($743 million), according to local reports.
Three players reportedly vied for Griffin Coal, a fiscally burdened company that has publicly struggled to pay off its debt, which reportedly stands near A$1 billion ($990.7 million). In January, Griffin...
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