Du Pont Agrees to Sell Coal Unit to Germans
<i> Associated Press</i>
WILMINGTON, Del. —
Du Pont Co. said it has reached a preliminary agreement to sell 50% of its Consolidation Coal Co. and its other coal interests to a German company.
Du Pont did not disclose the value of the transaction with Rheinbraun AG, a Cologne-based subsidiary of RWE AG. Rheinbraun would be required to pay Du Pont cash and the contribution from its other U.S. coal interests.
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