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Celsius agrees to sell nickel unit in bid to switch industries

Celsius CoalLtd. said April 29 that it will sell its wholly owned unitView Nickel Pty. Ltd.to Bearcat Resources Pty. Ltd. for A$1.00.

The agreement is conditional on Celsius' successfulacquisition of theissued shares in the Australia-based sports betting platform Favourit GlobalPty. Ltd.

In October 2015, Celsius Coal entered into an agreement tochange its business and said it will re-evaluate its projects in the comingmonths to look for a strategic partner or divestment.