China Regulators Approve Acquisition of Australian Coal Company
Green Car Congress
DECEMBER 7, 2009
The multi-billion-dollar deal is the largest approved for a Chinese firm to buy an Australia raw material provider, according to the Shanghai Daily News. In 2004, Yanzhou acquired Southland coal mine in Australia (renamed as “Austar Coal Mine”), marking the first successful acquisition of an overseas coal mine by a Chinese coal enterprise.
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