Sev.en disposed its minority stake in Corsa Coal achieving 3x return
Toronto, Prague, 7 March 2022 – Sev.en Global Investments a.s. (“Sev.en”) announces successful disposition of all common shares of Corsa Coal Corp. Sale of the shares has been completed through TSX Venture Exchange by 3 March 2022 achieving overall return on invested capital close to 3x. Sev.en acquired the 17.1% minority stake in Corsa Coal back in May 2020.
Sev.en took advantage of elevated share price of Corsa Coal on the market over the last year. Nevertheless, Sev.en remains committed to strengthen its presence in metallurgical coal markets on a global basis - in North America through its fully owned subsidiary Blackhawk Mining LLC and internationally through new investment opportunities currently in its pipeline. Sev.en continues to focus mainly on opportunities where it can gain operational control and realize synergies with its existing portfolio.
Gabriela Sáričková Benešová
Sev.en Group Spokesperson