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Universal Coal takeover

CoAL secures funding for Universal Coal takeover

JSE-listed Coal of Africa (CoAL) has secured US$3 million through a subscription agreement with M&G Investment Management, which it needs for the Universal Coal takeover. This follows CoAL’s announcement on 26 November 2015 that it had offered...

CoAL revealed as Universal Coal takeover suitor

South African coal miner Universal Coal on Thursday revealed that Coal of Africa (CoAL) is the rival suitor bidding against IchorCoal. In its takeover offer, CoAL has offered A$126.4 million to acquire the entire issued and...

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