OCP Asia writes third cheque for mining equipment company
Asia-based alternatives manager OCP Asia has tripled down on privately-owned mining equipment hire company National Plant & Equipment, according to the Australian Financial Review.
It is believed that OCP Asia has written another $50 million cheque for National Plant in recent days, to take its exposure to the business to $185 million in three tranches.
The latest raising is expected to help National Plant grow its fleet and business, at a time when there are a few chunky mining contracts up for grabs and utilisation across the market is improving.
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