Banpu moves towards control of Centennial

THAI energy group Banpu Minerals has acted quickly to remove foreign exchange conditions on its $A2.5 billion bid for Centennial Coal as it tries to lock in enough acceptances to reach full control of the company and avoid sharing ownership with minority shareholders.

Banpu moves towards control of Centennial Banpu moves towards control of Centennial Banpu moves towards control of Centennial Banpu moves towards control of Centennial Banpu moves towards control of Centennial

Banpu, who yesterday appointed three of its directors to the Centennial board and declared its offer unconditional, has met its minimum acceptance condition of 50.

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