australia approves gloucesteryancoal mining merger
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Australia approves Gloucester-Yancoal mining merger

Egypt Today, egypt today

Egypt Today, egypt today Australia approves Gloucester-Yancoal mining merger

Sydney - AFP

Canberra on Thursday approved a multibillion dollar tie-up between Gloucester Coal and China's Yancoal, clearing the way for a deal that will create Australia's largest listed coal firm. Treasurer Wayne Swan said the country's foreign investments watchdog had green-lighted the deal under strict conditions that the new company remain headquartered in Australia and list on the stock exchange by the end of 2012.

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australia approves gloucesteryancoal mining merger australia approves gloucesteryancoal mining merger



 
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