MELBOURNE, Dec 20 (Reuters) - Chinese-controlled Yancoal Australia is in
talks to buy Gloucester Coal to create Australia's top independent coal miner,
three sources said on Tuesday, as strong Asian demand drives a boom in coal
deals.
Gloucester, which has a market value of $1.4 billion, confirmed it was in
talks with an unnamed suitor on a potential takeover and requested a two-day
trading halt on its shares pending an announcement on a deal.
Reuters UK
No comments:
Post a Comment