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of <h1>Peabody MNG and SMC Approved for Acquisition of Anglo American's Australian Coal Portfolio under Competition Rules</h1> The Competition Commission of India has approved the acquisition of Anglo American plc's steel-making coal portfolio in Australia by Peabody MNG Pty Ltd and Peabody SMC Pty Ltd. These entities are special purpose vehicles formed for this transaction and are ultimately owned by Peabody Energy Corporation, a global coal producer. The acquisition includes a portion of Anglo's assets and businesses related to steel-making coal in Australia. Anglo American plc is a global mining company, and its coal business in India involves imports. A detailed order from the Commission will be issued subsequently.
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