✕
MARKETS

Third bidder for AWE

JAPAN’s Mitsui, a long-time ally and partner of AWE, has put its oar in the water with spoiler bid valuing AWE at some A$600 million that could derail a scheme implementation agreement with Mineral Resources and sink a cash bid by China Energy Reserve and Chemical Group.

Haydn Black
Third bidder for AWE

Mitsui is offering 95c in cash, more than MinRes' offer of 83c in cash and shares, while CERCG is offering 73c in cash.   Mitsui's off-market offer is non-binding, but could result in a formal takeover...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
RELATED ARTICLES
MORE ON THIS TOPIC

MOST POPULAR

1
OPERATIONS

High Court to rule on Chevron vs CKJV legal saga

2
POLICY

Coalition slams Middle Arm senate inquiry as "farce"

3
OPERATIONS

Woodside halts divestment of WA gas assets

4
MARKETS

Santos chair spared but under pressure to resuscitate share price

RESEARCH

lock Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

Content
About
Solutions
Legal

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902

Login