SDCL EDGE Acquisition in a regulatory filing included an investor presentation promoting its proposed merger with Cunova, a unit of Italian copper and copper alloy producer KME.
The deal has an equity value of about $447 million with net debt of $289 million.
KME, which has a 45% stake in mining company Cunova, signed the business combination agreement with German private equity fund Paragon, which owns the remaining 55% of the company, as well as NYSE-listed SDCL Edge.
The plan is for KME to sell its aerospace business to Cunova and hold around 60% of the combined listed company, while Paragon will fully exit its investment. SDCL EDGE will take the combined company to the New York Stock Exchange.
SDCL EDGE has a shareholder meeting coming up this month to vote on a completion extension to Nov. 2. The current deadline expires July 2. Read more.
