For $1 Billion, Atlantic Nickel and Mineração Vale Verde Are Sold by Global Company, Owner of Mining and Manufacturing Operations

Written by Roberta Souza

Published on 13/06/2023 at 17:45

Updated on 13/06/2023 at 17:46

Foto: reprodução. Fonte: Ministério de Minas e Energia

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Sale of Atlantic Nickel and Mineração Vale Verde to Spac ACG Acquisition Company: A New Transaction in the Mining Sector

The manager Appian has reached an agreement to sell its subsidiaries, Atlantic Nickel and Mineração Vale Verde, to Spac ACG Acquisition Company, a company listed on the London Stock Exchange, which owns a large mining operation and manufacturers. Atlantic Nickel and Mineração Vale Verde are owners of the nickel and copper mines Serrote and Santa Rita. These mines had been sold to the South African mining company Sibanye Stillwater last year, but the contract was terminated by the buyer.

Strategic Partnership Between Miner, Manufacturer, and Investment Fund

Spac ACG is composed of a group of investors, including mining company Glencore, manufacturer Stellantis (resulting from the merger between Fiat Chrysler and Peugeot) and the investment fund in mining La Mancha Resource Capital. These investors will own 51% of the company resulting from the transaction.

Additionally, the battery production subsidiary of the manufacturer Volkswagen, PowerCo, will also participate in the operation with a prepayment for future demand for ore. The deal is also supported by banks such as ING and Societe Generale.

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Advisory from Renowned Banks on the Transaction for the Sale of Atlantic Nickel and Mineração Vale Verde

Throughout the sales process, Appian was advised by the banks Standard Chartered and Citi. These financial institutions assisted Appian in the negotiation and ensured a successful transaction.

This transaction marks a new phase in the mining sector, bringing a strategic partnership between a miner, a manufacturer, and an investment fund. The entry of large manufacturers and investment in the mining industry demonstrates the growing interest in the sustainable production of essential minerals for battery and electric vehicle manufacturing.

The sale of Atlantic Nickel and Mineração Vale Verde to Spac ACG Acquisition Company represents an opportunity for growth and strengthening of the sector, driving the development of mineral resources worldwide, especially among manufacturers and miners.

For $1 Billion, Atlantic Nickel and Mineração Vale Verde Are Sold by Global Company, Owner of Mining and Manufacturing Operations

Sale of Atlantic Nickel and Mineração Vale Verde to Spac ACG Acquisition Company: A New Transaction in the Mining Sector

Strategic Partnership Between Miner, Manufacturer, and Investment Fund

Advisory from Renowned Banks on the Transaction for the Sale of Atlantic Nickel and Mineração Vale Verde

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For $1 Billion, Atlantic Nickel and Mineração Vale Verde Are Sold by Global Company, Owner of Mining and Manufacturing Operations

Sale of Atlantic Nickel and Mineração Vale Verde to Spac ACG Acquisition Company: A New Transaction in the Mining Sector

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