Australia’s Mineral Resources agrees US$400M takeover of gas player AWE to trump China bid

Thursday, 21 December 2017

Australia’s Mineral Resources Ltd said it entered into a binding agreement to acquire oil and gas company AWE for over US$400 million to trump a takeover bid by Chinese company China Energy Reserve and Chemical Group (CERCG), which had LNG plans for the target’s Western Australia natural gas assets.


Subscriber content
 

This content is available only to subscribers
please log in below or subscribe now / request a free trial
 
 
Last modified on Thursday, 21 December 2017 07:54
Rate this item
(0 votes)