# Yancoal to acquire Mitsubishi's stake in Warkworth JV for $230M

Yancoal Australia exercised a call option to acquire Mitsubishi Development's near-29% stake in the Warkworth joint venture for $230 million, increasing its stake to 84.5%. The deal is expected to close by early March 2018.

- Type: Acquisition
- Announced: 2017-12-13
- Where: Hunter Valley, New South Wales, Australia
- Value: $230.0M
- 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)

## Sources

- [miningconnection.com](https://miningconnection.com/coal_prep/news/article/yancoal_to_acquire_mitsubishis_stake_in_warkworth_joint_venture_for_230_mil), 2017-12-13: "Yancoal said it had exercised a call option to acquire the stake from Japan’s Mitsubishi Development and expects to complete the deal by early March."

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