Thursday, 21 December 2017 07:11
Australia’s Mineral Resources agrees US$400M takeover of gas player AWE to trump China bid
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.
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