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Coal combinations
Source: Bloomberg News |
September 28, 2011, Wednesday
|
Print Edition
Print Edition
YANZHOU Coal Mining, China's fourth-biggest coal producer, has agreed to acquire two subsidiaries of Wesfarmers for A$296.8 million (US$294.4 million) to increase its reserves in Australia.
The acquisitions of Wesfarmers Premier Coal and Wesfarmers Char are subject to regulatory approvals in China and Australia, Yanzhou said in a filing with the Hong Kong stock exchange yesterday.
A Wesfarmers spokesman confirmed the details of the planned transaction and said the company has filed an announcement with the Australian stock exchange.
The acquisitions of Wesfarmers Premier Coal and Wesfarmers Char are subject to regulatory approvals in China and Australia, Yanzhou said in a filing with the Hong Kong stock exchange yesterday.
A Wesfarmers spokesman confirmed the details of the planned transaction and said the company has filed an announcement with the Australian stock exchange.
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