Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. South32 Limited
  6. News
  7. Summary
    S32   AU000000S320

SOUTH32 LIMITED

(S32)
  Report
Delayed Australian Stock Exchange  -  02:10 2022-09-30 am EDT
3.630 AUD   -0.82%
09/20AusQuest Limited - MAJOR NEW DRILLING PROGRAM SET TO COMMENCE AT THE PIRATA COPPER PROJECT, PERU
AQ
09/20AusQuest to Start Drill Program at Peruvian Copper Project Next Month
MT
09/19North American Morning Briefing: Another Big Fed -2-
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

South32 Limited completed the acquisition of an additional 16.6% stake in Mozal Aluminium from MCA Metals Holding Gmbh for $200 million.

05/31/2022 EDT

South32 Limited (ASX:S32) agreed to acquire additional 25% stake in Mozal Aluminium from MCA Metals Holding Gmbh for $250 million on September 30, 2021. The transaction is subject to customary adjustments for working capital and net debt. The transaction has an acquisition multiple of 3.6x FY21 EBITDA. Post Completion South32 Limited (ASX:S32) will own 72.1% stake in Mozal Aluminium. The transaction will be funded from cash in hand. The transaction is subject to approval from the Competition Regulatory Authority in Mozambique be satisfied. As of January 24, 2022, the transaction is expected to close in first quarter of 2022. As of February 2, 2022, the transaction is expected to close in the third quarter of 2022. As of March 30, 2022, the transaction is expected to close in mid 2022. The transaction is accretive. South32's current shareholding of Mozal Aluminium is 47.1%, while the Industrial Development Corporation of South Africa (IDC) also holds pro-rata pre-emptive rights based on their 24% shareholding which they have yet to exercise. If the IDC exercises its entire pre-emptive rights South32 would increase our shareholding in Mozal Aluminium to 63.7%, while IDC would increase their shareholding to 32.5%. If the IDC do not exercise its pre-emptive rights, then South32's shareholding in Mozal Aluminium would increase to 72.1%.
Following transaction, South32 Limited's stake increased to 63.7% in Mozal Aluminium.

South32 Limited completed the acquisition of an additional 16.6% stake in Mozal Aluminium from MCA Metals Holding Gmbh for $200 million on May 31, 2022.


© S&P Capital IQ 2022
All news about SOUTH32 LIMITED
09/20AusQuest Limited - MAJOR NEW DRILLING PROGRAM SET TO COMMENCE AT THE PIRATA COPPER PROJ..
AQ
09/20AusQuest to Start Drill Program at Peruvian Copper Project Next Month
MT
09/19North American Morning Briefing: Another Big Fed -2-
DJ
09/13Citigroup Downgrades South32 to Neutral from Buy, Trims PT
MT
09/08South32 : releases Climate Change Action Plan
PU
09/08South32 : Corporate Governance Statement 2022
PU
09/08South32 : Sustainable Development Report 2022
PU
09/08South32 : Modern Slavery Statement 2022
PU
09/08South32 : Tax Transparency and Payments to Governments Report 2022
PU
09/08South32 : Subsidiaries Incorporation and Tax Residency by Country 2022
PU
More news
Analyst Recommendations on SOUTH32 LIMITED
More recommendations
Financials (USD)
Sales 2023 9 405 M - -
Net income 2023 2 098 M - -
Net cash 2023 1 036 M - -
P/E ratio 2023 5,19x
Yield 2023 7,81%
Capitalization 10 749 M 10 749 M -
EV / Sales 2023 1,03x
EV / Sales 2024 1,01x
Nbr of Employees 9 096
Free-Float 99,2%
Chart SOUTH32 LIMITED
Duration : Period :
South32 Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOUTH32 LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 2,34 $
Average target price 3,37 $
Spread / Average Target 44,1%
EPS Revisions
Managers and Directors
Graham Kerr Chief Executive Officer, Executive Director & MD
Katie Tovich Chief Financial Officer
Karen J. Wood Chairman
Vanessa Torres Chief Technical Officer
Jason Economidis Co-Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
SOUTH32 LIMITED-9.48%10 749
BHP GROUP LIMITED16.32%125 258
RIO TINTO PLC0.08%89 210
GLENCORE PLC27.52%69 100
SAUDI ARABIAN MINING COMPANY (MA'ADEN)77.32%45 576
ANGLO AMERICAN PLC-9.30%36 942