GVK Group in talks with Kideco for stake sale in Coal Mines they recently closed a deal to acquire coal mines and associated infrastructure from Georgina Hope Rinehart’s Hancock Group for $1.26 billion and is now in the process of raising funds for this.the group announced its acquisition, from Hancock, of a 79% stake in Tad’s corner and Paul’s corner, and a complete acquisition of Kevin’s corner mines located in the Galilee basin in Queensland. GVK was looking to raise around $1 billion to fund the deal by selling a part of its stake in its Singapore-based co. GVK Coal Developers.
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