Deal Snapshot
MERCURIA SIGNS MOU TO SUPPORT MINNESOTA´S MESABI METALLICS
Friday 14 September 2018

Swiss energy and commodities group Mercuria Energy has signed a memorandum of understanding with Chippewa Capital Partners, LLC that envisages Mercuria backing the re-emergence of iron ore producer, Mesabi Metallics Company LLC, which is currently 100% owned by CCP, the company said.
The investment is intended to support the creation of new long-term jobs in America's heartland and the century-old iron ore mining district, the Mesabi Range in Minnesota.


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Details
Date Published: 14/09/2018
Target: Mesabi Metallics Company/majority stake
Country: USA
Sector: Metals/Mining
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor: Chippewa Capital Partners
Buyer: Mercuria Energy
Comment:
Terms of the deal were not disclosed

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