Business Services Industry
Looking for the synergies.(Centennial Coal and Austral Coal plans to merge)(Brief Article)
Australasian Business Intelligence, April, 2005
Apr 07, 2005 (Gold & Minerals Gazette - ABIX via COMTEX)
Centennial Coal and Austral Coal announced their plans to merge in February 2005. Under the proposal, Austral shareholders will receive 10 Centennial shares for every 37 of their ordinary shares. The combination of the two New South Wales-based mining firms would create an entity with a market value of around $A1.1 billion and with forecast 2006 production of 22 million tonnes. Centennial recorded a post-tax profit of $A15.2 million for the first half of 2004-05, while Austral recorded a loss of $A30.623 million for calendar 2004.
Publication Date: March 2005
AUSTRAL COAL LIMITED - ASX AUO:
CENTENNIAL COAL COMPANY LIMITED -
ASX CEY
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