Canada's NEMI Northern will merge with Australia's Aviva

摘要

Nemi Northern Energy & Mining will merge with Australian-based Aviva Corporation in a move aimed at creating a larger producer of met and thermal coal. Nemi said Aviva shareholders will receive 0.59 Nemi shares for each Aviva share they possess. Existing shareholders of Nemi and former shareholders of Aviva will each have about 50 percent of the expanded share capital of the merged group.