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Article: Endesa Sells Its Interest in the US Mining Company Arch Coal Inc.; The Disposal has Generated a EUR 13.2 Million Capital Gain.
- Article from:
- Business Wire
- Article date:
- July 25, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NEW YORK--(BUSINESS WIRE)--July 25, 2002
Endesa (NYSE:ELE) has sold in the stock market its 2.52% shareholding in the US mining company Arch Coal Inc., which it held through Carboex.
The number of shares sold amounted to 1,331,475 and generated a total capital gain of EUR 13.2 million.
This transaction falls within the strategy of divestment of non-core assets that Endesa has carried out in recent years.
Carboex, 100% ...