Sev.en Global Investments announces termination of agreement to Acquire Majority Stake in Coronado Global Resources

Press Release (Prague, Czech Republic, June 25. 2024)

The agreement between the Sev.en Global Investments and Energy & Minerals Group to acquire a 51% interest in Coronado Global Resources Inc. has been terminated.

The transaction expired on 22. June 2024 due to certain conditions not being met, including obtaining some of the regulatory approvals.

The timeline for regulatory approvals is not within Sev.en GI´s control, as it is dependent on various factors and determined by the cooperation and engagement of regulators, the target company, and other parties involved in the process. No actual regulatory concerns have been raised by any of the parties.

“We have carefully re-assessed the transaction on the expiry of the outside date and concluded that terminating the deal is in Sev.en Global Investments' best interests. The group therefore does not intend to seek to extend, renegotiate, or continue with the deal. We will continue to look for new opportunities to grow our portfolio”, says Alan Svoboda, CEO Sev.en Global Investments.

About Sev.en Global Investments

Sev.en Global Investments is a Czech-based investment group investing across a range of sectors, particularly in power generation and mining of various natural resources. Sev.en GI operates on three continents – Europe, Australia, and North America, soon to be present also in Asia.

In Europe Sev.en GI acquired 100% of InterGen´s gas-fired power generation businesses. The portfolio includes 4 gas-fired power plants Coryton, Spalding, Rocksavage, and Spalding Energy Expansion.

In Australia, the investment portfolio includes 1) Delta Electricity with the Vales Point Power Station and Chain Valley Colliery coal mine; 2) SO4 company - premium potash fertilizer producer and 3) Sev.en Royalties with mining rights in two regions. 

In the United States, it is the owner of 1) met-coal mining company Blackhawk Mining with annual coal production of around 9 million tonnes, and 2) Golden Eagle Land Company holding mining rights to more than 2 billion tonnes of coal reserves.

Sev.en Global Investments is part of the Sev.en Group whose beneficiary is Mr. Pavel Tykač, a prominent Czech entrepreneur and investor, ranked among the top 300 World´s wealthiest people by the Forbes Real Time Billionaires.

For further information, please visit www.7gi.com.

Media Contact:

Veronika Diamantová
e-mail
+420 775 299 337