Anglo American invests $200 million in First Mode and combines nuGen

Anglo American signed a binding agreement to combine its nuGen Zero Emissions Haulage Solution with First Mode and invest an additional $200 million in the combined business, valuing it at about $1.5 billion. The transaction is expected to close in January 2023.

“Anglo American has signed a binding agreement with First Mode to combine Anglo American’s nuGen Zero Emissions Haulage Solution with First Mode.”listcorp.com

• 3 sources
• listcorp.comAnglo American combines nuGen™ with First Mode and invests $200m to accelerate Zero Emissions Haulage Solution - Anglo American plc (JSE:AGL) - Listcorp.Dec 7, 2022
• prnewswire.co.ukFirst Mode Secures $200 Million in Funding from Anglo American and Combines with nuGen TeamFirst ModeDec 7, 2022
• prnewswire.comFirst Mode Secures $200 Million in Funding from Anglo American and Combines with nuGen TeamFirst ModeDec 7, 2022

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