New Hope to acquire Bengalla stake for $860M

NEW Hope Corporation has reached a binding commitment with Wesfarmers to buy a further 40% interest in the Bengalla Joint Venture for $860 million.

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 New Hope to acquire Bengalla stake for $860M  New Hope to acquire Bengalla stake for $860M  New Hope to acquire Bengalla stake for $860M  New Hope to acquire Bengalla stake for $860M  New Hope to acquire Bengalla stake for $860M
Following completion of the transaction, which is anticipated to occur in late 2018, New Hope will own up to an 80% interest in the Bengalla Joint Venture.
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