India's Jindal Steel acquires Canadian coal miner CIC

摘要

India's Jindal Steel 8 Power Ltd. has acquired Canadian-listed coal producer CIC Energy Corp. The acquisition took place as part of the merger of CIC and Jindal Steel ft Power subsidiary Jindal BVI. As part of the deal, Jindal BVI will make a cash payment of Canadian $2 per share ($2.02) to current CIC shareholders, totaling approximately C$116 million ($117.1 million).