Hochschild to Buy out Peru Assets

Hochschild to Buy out Peru Assets

Colombia Peru M&A

Hochschild Mining has agreed to buy up the minority stakes in its Peruvian assets for up to $280m, and will raise $96m to help fund it. The Peruvian miner is acquiring 100% of US-based International Minerals, which holds 40% of the jointly-owned Pallancata mine and the Inmaculada project. It expects to raise between $48m-$96m equity for the deal. International Minerals holders will receive $2.38 per share and one share in a new spinoff company holding International’s non-Peru assets. Internation

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