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Unable to meet its interest payments, Coalcorp was forced to sell its Colombian asset.
Under the deal, Goldman Sachs will pay $100 million for the La Francia I assets and $51 million for the shares of Adromi Capital, which holds a concession for La Francia II.
Goldman Sachs will also receive a coal supply agreement for the sale of 2.4 million tonnes of coal which Coalcorp valued at $50 million in favour of the purchaser.
The deal is subject to certain conditions.
