Business Services Industry
Switzerland-based mining group Xstrata eyes Australian stock exchange.
Knight Ridder/Tribune Business News, November, 2004
By Bill Condie, Evening Standard, London Knight Ridder/Tribune Business News
Nov. 23--Anglo-Swiss mining group Xstrata said today it may consider listing on the Australian stock exchange as it steps up its hostile bid for WMC, Australia's last major independent mining group.
The company has been on a massive buying spree Down Under and now has more than half its net assets in the country.
Xstrata, listed on the London Stock Exchange, told reporters it would look at the possibilities of a dual listing if its tilt at WMC is successful.
"We have always been prepared to look at it seriously but there is a real issue about secondary listings," an Xstrata spokesman said.
Xstrata is mounting a major public relations campaign...
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