Appian sells Brazilian companies, Atlantic Nickel and Mineracao Vale Verde, to Sibanye-Stillwater for US$1.0 billion and additional royalty
Oct 26, 2021
LONDON, Oct. 26, 2021 /PRNewswire/ -- Highlights Appian agrees sale of wholly owned Atlantic Nickel and Mineracao Vale Verde to Sibanye-Stillwater for: - US$1.0 billion in cash, and; - An additional 5.0% NSR royalty on production from the underground expansion at Atlantic Nickel Transaction demonstrates Appian's ability to identify and deliver on opportunities for value creation in the mining sector, generating outsized returns for its investors - In 2018, Appian acquired Atlantic