Arbitrator blocks CCX talks to sell Colombia mines to Blackstone

April 8, 2015 12:26 PM

57 0

RIO DE JANEIRO, April 8 (Reuters) - An international arbitrator ruled that Brazil's CCX Carvão da Colombia may not enter talks to sell three coal-mining projects in Colombia to investors represented by the Blackstone Group LP, CCX's main shareholder said on Wednesday.

The emergency injunction an International Chamber of Commerce (ICC) arbitrator is in place until it can make a final ruling on a request by Yildirim Holding Inc, according to a statement sent to Brazil's securities regulator CVM by Centennial Asset Management, CCX's controlling shareholder.

Also read: Swiss see opening for finance sector in British exit from EU

Read more

To category page