Iluka and Sierra Rutile complete merger
Published: Thursday, 08 December 2016
Iluka and Sierra Rutile have confirmed the merger between the companies was completed for $293m.
Australian mineral sands producer Iluka Resources Ltd today
completed the acquisition of Sierra Rutile Ltd for Australian
dollar (A$) 393m ($293m).
The transaction includes a final consideration of A$375m and
payment was made on 7 December. Iluka is also making
arrangments to repay Sierra Rutile’s net debt of