Yanzhou said its state-owned parent Yankuang has underwritten the Coal & Allied Industries deal, underlining the Chinese government’s support of the overseas acquisition. Photo: Simon Song

Yanzhou Coal snatches Rio Tinto Australia from Glencore in US$2.69 billion takeover battle

The Coal and Allied acquisition will add 556m tonnes of ‘marketable’ coal reserves on top of Yancoal’s current reserve of 274m tonnes, and more than double its output

Topic |   Mergers & Acquisitions

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Yanzhou said its state-owned parent Yankuang has underwritten the Coal & Allied Industries deal, underlining the Chinese government’s support of the overseas acquisition. Photo: Simon Song
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