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GVK Power to raise $1.2 bn debt for Hancock coal assets

Mineweb | July 06, 2011 | 6:03 am Energy Asia Australia Coal 

India's GVK Power, a unit of infrastructure major GVK Group, which had inked a deal to purchase two of Hancock Prospecting's thermal coal mines in Australia for around $2.4 billion, is set to raise $1.2 billion as debt to part...

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