Polish copper miner KGHM Polska Miedz will acquire Canada’s Quadra FNX Mining for about $2.84bn.

The transaction will be funded using existing cash in hand, and will be the largest overseas transaction completed by a Polish company to date, according to Quadra.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company will pay C$15 a share, a 41% premium to Quadra’s 20-day volume-weighted average price.

The deal, which is expected to close in the first quarter of 2012, will increase KGHM’s annual production by more than 100,000t.

The acquisition will enable KGHM Polska Miedz to cut production costs and raise output, reports Bloomberg.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.