OTHER NEWS - Nov. 28, 1991
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Du Pont to Sell Half of Coal Unit: Du Pont Co. said it has agreed to sell half of its coal business to a German company for nearly $900 million in cash and the German company’s U.S. coal interests. Under the agreement, Rheinbraun AG, a subsidiary of RWE AG, will acquire a 50% interest in Du Pont’s Consolidation Coal Co., the nation’s second-largest coal producer, and Du Pont’s other coal business.
Du Pont said it will get just under $900 million in cash and Rheinbraun’s U.S. coal interests, which consist of a 24% stake in certain Consolidation mining properties in southwest Pennsylvania.
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