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Mergers & Acquisitions | 21 March 2012

GVK Power To Sell Stake In Alpha Coal Project To Raise Funds

by Irfan Khan
GVK Power To Sell Stake In Alpha Coal Project To Raise Funds
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GVK Power & Infrastructure is planning to sell stake in Alpha coal project and related port and rail assets in Australia to raise funds for $10Bn cost of the projects.

According to Paul Mulder, chief executive of Hancock Coal, the Australian arm of GVK, the process is under way, with Macquarie advising on the sale of the infrastructure stake while Citi is advising on the sale of the mine stake.

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