Coal giant looms as Macarthur awaits Noble call on Gloucester
Posted on: Sun, 07 Mar 2010 17:11:31 EST
Uncertainty will continue until April 2010 on the planned acquisition of Gloucester Coal by fellow Australian group Macarthur Coal. Hong Kong-based Noble Group will then stage a stockholders' vote on whether it should vend its holding of 87.7% of Gloucester into the merger deal, which would lead to the emergence of a $A3.9bn coal mining business.
Publication Date: 8 March 2010
GLOUCESTER COAL LIMITED - ASX GCL MACARTHUR COAL LIMITED - ASX MCC NOBLE GROUP LIMITED CITIC PACIFIC LIMITED AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD
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