UT will pay $1.10 per new share in NIC, a circa 27% premium to the ASX company's last trading price.
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GROWING ASX-listed nickel powerhouse Nickel Industries is selling a 19.99% equity interest to Indonesian heavy equipment and mining contractor United Tractors for $943 million in a strategic move that will also likely involve UT acquiring a 20% interest in the set-to-be built Excelsior Nickel Project that is now forecast to initially produce 72,000t per annum of nickel.
UT will pay $1.10 per new share in NIC, a circa 27% premium to the ASX company's last trading price.
Amman's share price has risen some 153% since its debut
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