Gloucester, Whitehaven to merge

AUSTRALIAN coal producers Gloucester Coal and Whitehaven Coal plan to merge to create a single entity with a market capitalisation of $A900 million and strength to grow development projects.

Gloucester, Whitehaven to merge Gloucester, Whitehaven to merge Gloucester, Whitehaven to merge Gloucester, Whitehaven to merge Gloucester, Whitehaven to merge

Both companies have signed an agreement to proceed with the merger through an $A545 million off-market scrip takeover offer by Gloucester for all shares in Whitehaven.

topics

loader