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Anglo Pacific Group plc - M&A Call Transcript

Feb 24, 2021 / 09:00AM GMT
Release Date Price: $1.93
Operator

Good day, and welcome to the Anglo Pacific webcast and conference call. At this time, I would like to turn the conference over to Julian Treger, CEO. Please go ahead.

Julian Andre Treger
Anglo Pacific Group plc - CEO & Executive Director

Thank you, Danna. Thank you all for your time today and your interest in Anglo Pacific. As you may know, we've been looking for a transformational acquisition for some time to address some of the challenges in our strategy. And we're delighted and very excited to be announcing a transformational transaction today, whereby we will be acquiring a cash flow-generating cobalt stream from a private equity group focused on the global natural resources sector for a cash consideration upfront of $205 million.

I'm going to cover the deal at a high level. I'll then hand over to Kevin Flynn, our CFO, who will discuss the financing. Then Marc Lafleche, our CIO, will cover the cobalt market and the details of the stream. And then I'll wrap up with the implications for Anglo Pacific. Juan Alvarez, our technical wizard, is

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