Peabody Energy announced Friday it will relocate its headquarters and move out of downtown St. Louis.

The company, which has been located in a building on Market Street for seven decades, plans to move to a new facility off Manchester Road and Interstate 270 in Des Peres.

“Peabody has been a proud corporate citizen of St. Louis since the 1950s, and we look forward to our ongoing commitment and we continue to host our global headquarters in the area,” a spokesperson said.

A part of the move, the company is not planning any layoffs. Additionally, a spokesperson did not give a timetable for when Peabody plans to make the move.

Greater St. Louis, Inc. reacted to the news in a statement Friday afternoon, saying it was “glad to see them (Peabody) committing to the region by keeping their hea

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