Add-on Acquisition • Metals/Mining

Æthel Mining Acquires MTI Ferro de Moncorvo SA

On February 5, 2020, Æthel Mining acquired metals/mining company MTI Ferro de Moncorvo SA

Acquisition Context

This is Æthel Mining’s 1st transaction in the Metals/Mining sector.
This is Æthel Mining’s 1st transaction in Portugal.

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M&A Deal Summary
Date	February 5, 2020
Target	MTI Ferro de Moncorvo SA
Sector	Metals/Mining
Buyer(s)	Æthel Mining
Deal Type	Add-on Acquisition

Target Company

MTI Ferro de Moncorvo SA

Bragança, Portugal

MTI Ferro de Moncorvo SA holds the concession for Europe's second-largest iron ore deposit, located in Torre de Moncorvo, Portugal.

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Buyer Overview 1

Buyer

Æthel Mining

London, United Kingdom

Category	Company
Sector	Metals/Mining

DESCRIPTION

Æthel Mining Ltd. is a global mining corporation operating the concession for one of the world's largest iron ore deposits.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Metals/Mining	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Portugal	1 of 1
Year: 2020	1 of 1

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