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Yancoal offers $710m for Mitsubishi’s stake in Hunter Valley mines

By:  
Creamer Media Senior Deputy Editor: Australasia
 
CORPORATE ACTIVITY
ASX-listed Yancoal Australia has made a tag-along offer to acquire Mitsubishi Development’s 32.4% interest in the Hunter Valley operations for $710-million. The tag-along offer fulfilled Yancoal’s obligation to Mitsubishi under the sale and purchase agreement for Yancoal’s $2.45-billion buy of Coal & Allied, announced in January this year.
 
 
 
 
 

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