Iluka and Sierra Rutile complete merger

By Kasia Patel
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 $59m from...

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