Vectren Coal Mining Sale Moves Forward

Published 08/12 2014 06:46PM

Updated 08/12 2014 06:46PM

Vectren Corporation moves forward with the sale of its coal mining company, Vectren Fuels.

The deal is worth approximately $300 million and had to clear a required waiting period.

Evansville-based Vectren is selling the mines to Sunrise Coal out of Sullivan County, Indiana.

Officials say the deal is proceeding as planned and is expected to close this year.

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