RM-SYSTÉM»Události»NWR completes sale of OKK

NWR completes sale of OKK

09.12.2013 08:07
New World Resources Plc ('NWR' or the 'Company') announces today the completion of the sale of its coke subsidiary, OKK Koksovny, a.s. ("OKK") to the METALIMEX group for EUR 95 million.

Gareth Penny, Executive Chairman: "Divestment of OKK was important for two reasons. First the freed-up cash will be reinvested in our core business including mining equipment and mine expansion projects and second this disposal is a part of a wider process at the end of which NWR will emerge as the Europe's leading miner and marketer of coking coal by 2017."



On 16 May 2013, NWR announced its intention to divest OKK. This decision was part of a wider operational review undertaken by the Company with the aim of adjusting its business in light of challenging market conditions.


On 27 September 2013, NWR agreed to sell OKK and OKK's coke inventory for a gross consideration of EUR 95 million to the METALIMEX group.

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