gloucester coal

Chinese acquirers move steadily ahead in their pursuit of Australian natural resources companies, creating a healthy pool of fees for investment banks advising on these deals.

The commodities trading company is not deterred by the lack of support from the board of Gloucester Coal and offers shareholders almost 25% more for their backing.

Hong KongÆs Noble Group ascribes an equity value of $220 million to Australian company Gloucester Coal and sets out to topple its merger plans with Whitehaven.