Franco-Nevada Announces US$ 550 Million Bought Deal Financing
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Franco-Nevada (FNV) Agrees to Acquire Precious Metals Stream From Glencore for $500M
February 10, 2016 5:11 PM ESTFranco-Nevada Corporation (NYSE: FNV) is pleased to announce that its wholly-owned subsidiary, Franco-Nevada (Barbados) Corporation ("FNB") has agreed to acquire a precious metals stream with reference to production from the Antapaccay mine for US$500 million ("Glencore Stream"). The Antapaccay mine is located in Southern Peru and is wholly-owned and operated by Glencore plc and its subsidiaries ("Glencore").
"Franco-Nevada is pleased to partner with Glencore," said David Harquail, President and CEO of Franco-Nevada. "Following our recent Antamina and Candelaria investments, this is yet another step in strengthening and diversifying Franco-Nevada's portfolio with... More
