SunCoke to Divest Domestic Coke Assets, Shares Dip
SunCoke Energy Partners is already a 65% interest holder in these assets while SunCoke Energy plans to retain a 2% interest in these units. Though not confirmed, SunCoke Energy expects SunCoke Energy Partners to fund this transaction through a combination of equity and debt funding. Its coal mining business consists of metallurgical coal mining activities in Virginia and West Virginia. The divestment of its domestic coke making operations will be done on a part by part basis, with an initial dropdown of a 33% interest at the Haverhill and Middletown operations. SunCoke&rsquo.