MARKETS

Hubbard stands firm in tariff risk

CENTRAL Petroleum’s board has again recommended shareholders back a divisive $78 million takeover offer from Mereenie field partner Macquarie Group after reviewing a second independent expert’s report from EY following proposed changes to pipeline tariffs that could hurt the oiler.

Hubbard stands firm in tariff risk

The company's second supplementary scheme booklet, ahead of a delayed shareholder meeting now to be held on June 29 in Brisbane, found that Macquarie's offer was still fair and reasonable. EY found...

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