Sandfire Resources: Completes $2.6b Spanish acquisition

Sandfire Resources Completes $2.6b Spanish acquisition

• Sandfire Resources (SFR) completes US$1.86 billion (A$2.60 billion) acquisition of MATSA Mining Complex in Spain
• In mid-September, the company announced it was planning to raise $1.28 billion to help fund the acquisition
• MATSA is a large-scale, long-life underground copper operation which hosts three underground mining operations
• The completion of the acquisition follows the satisfaction of outstanding conditions including Foreign Investment Authority approval and the completion of authority approval
• Sandfire is up 0.89 per cent with shares trading at $6.77