Universal Bioenergy has signed an agreement to acquire the Whitesburg Friday Branch Mine for an undisclosed sum.
The deal is expected to generate $264m in estimated revenues over the next five years.
Under the terms of the definitive agreement, Universal will acquire 40% of the interests and assets of Whitesburg from JLP & Partners LLC of Kentucky.
The Whitesburg Mine operates, mines and markets thermal coal in eastern Kentucky, US.
The closing of the transaction, subject to various customary conditions, is expected in the fourth quarter of 2011.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData