PPF to sell stake in UK Coal property business in £150m deal

Stephanie Baxter
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Coalfield Resources has reached an agreement with the Pension Protection Fund (PPF) to acquire the lifeboat fund's 75.1% share in Harworth Estates Property.

The company, which already owns the other 24.9% of the firm, announced today it has entered into non-binding heads of terms with the lifeboat fund to buy the share for £150m. The PPF will receiv...

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