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Ausdrill heads deeper underground with Barminco deal

Ausdrill (ASX: ASL) will acquire privately-owned Barminco Holdings to create Australia’s second-largest mining contractor.

Ausdrill heads deeper underground with Barminco deal Ausdrill heads deeper underground with Barminco deal Ausdrill heads deeper underground with Barminco deal Ausdrill heads deeper underground with Barminco deal Ausdrill heads deeper underground with Barminco deal

Ausdrill will issue 150.7 million shares, escrowed until August 2019, and pay A$25.4 million in cash for the underground mining specialist, equivalent to an acquisition price of A$271.

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