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  6. Xstrata Acquires Falconbridge Limited

M&A Deal Summary

Xstrata Acquires Falconbridge Limited

On May 17, 2006, Xstrata acquired metals/mining company Falconbridge Limited for 14.6B USD

Acquisition Highlights
  • This is Xstrata’s 1st transaction in the Metals/Mining sector.
  • This is Xstrata’s largest (disclosed) transaction.
  • This is Xstrata’s 1st transaction in Canada.
  • This is Xstrata’s 1st transaction in Ontario.

M&A Deal Summary
Date 2006-05-17
Target Falconbridge Limited
Sector Metals/Mining
Buyer(s) Xstrata
Deal Type Add-on Acquisition
Deal Value 14.6B USD

Target

Falconbridge Limited

Toronto, Ontario, Canada
Falconbridge is an international copper and nickel company with investments in fully integrated zinc and aluminium assets, with additional by-products and co-products, including silver, gold, platinum group metals, lead, selenium, tellurium, cadmium, indium, cobalt, nickel sulphate and sulphuric acid.

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Buyer(S) 1

Buyer

Xstrata

London, United Kingdom
Category Company
Founded 1926
Sector Metals/Mining
Employees70,000
DESCRIPTION

Xstrata plc will grow and manage a diversified portfolio of metals and mining businesses with the single aim of delivering industry-leading returns for our shareholders.

DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2006 M&A 1 of 1
Size (of disclosed) 1 of 1
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