Glencore to sell Australian copper mine to SPAC for $1.1 bln
Source: Reuters
Nov 23 (Reuters) - Glencore (GLEN.L) said on Wednesday that blank-check firm Metal Acquisition Corp (MAC) (MTAL.N) agreed to an amended agreement to buy the global miner's Cobar copper mine in Australia in a deal valued at $1.1 billion.Glencore said the terms include Glencore receiving $1.1 billion, as originally agreed in a March deal, but with amended payment terms of $775 million in cash and up to $100 million…
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