# Yancoal to acquire Mitsubishi's 32.4% stake in HVO JV for $710M

Mitsubishi Development accepted Yancoal Australia's offer to acquire its 32.4% interest in the Hunter Valley Operations Joint Venture in New South Wales for $710 million. The deal also includes a call option for Yancoal to purchase Mitsubishi's 28.9% interest in the Warkworth operation for $230 million.

- Type: Acquisition
- Announced: 2017-06-14
- Where: Hunter Valley, New South Wales, Australia
- Value: $710.0M
- Status: announced
- Products: coal
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Yancoal Australia](https://endata.com/companies/24904.md) (acquirer)
- [Mitsubishi Development](https://endata.com/companies/24905.md) (target)
- [Coal and Allied Industries](https://endata.com/companies/24906.md) (partner)

## Sources

- [mining-technology.com](https://www.mining-technology.com/news/newsmitsubishi-accepts-yancoals-proposal-to-acquire-hvo-jv-stake-5844070/), 2017-06-14: "Mitsubishi Development has accepted Yancoal Australia’s offer to acquire its 32.4% interest in the Hunter Valley Operations Joint Venture (HVO JV) in New South Wales for $710m."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.