Deals
A $4 Billion Mine Was Meant to Lift Northern England. Instead Locals Lost Big
An M&A deal will save the fertilizer project in the Yorkshire Moors, but small investors are left holding losses.
Source: Sirius
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Anglo American Plc’s plan to buy a giant potash project overlooking England’s North Sea is a bittersweet twist for local residents.
The deal will ensure billions of dollars of investment in the downtrodden region of North Yorkshire. But people like Neil Trillo, one of the thousands who bought shares in project owner Sirius Minerals Plc before it ran out of money, have been left counting their losses.