China makes another commodities acquisition that will help fuel its growth as Ausralia's...

|By:, SA News Editor

China makes another commodities acquisition that will help fuel its growth as Ausralia's Gloucester Coal confirms it's being bought by Yanzhou Coal (YZC) for around A$2.1B ($2.1B). The deal values Gloucester at up to A$10.16 a share, a 45% premium to its price Monday when trading was halted. (PR .pdf) (previous)