Banpu Acquires Centennial Coal

6 July 2010 (Last Updated July 6th, 2010 18:30)

Australia's Centennial Coal has agreed to a buy-out by Banpu, Thailand's biggest coal producer, totalling A$1.7bn. Banpu will pay A$6.20 ($5.22) a share to acquire an 80% interest in Centennial. The transaction will help Banpu take control of ten mines in Australia. The Au

Australia's Centennial Coal has agreed to a buy-out by Banpu, Thailand's biggest coal producer, totalling A$1.7bn.

Banpu will pay A$6.20 ($5.22) a share to acquire an 80% interest in Centennial.

The transaction will help Banpu take control of ten mines in Australia.

The Australian Government's decision last week to cut a planned tax on mine profits may trigger more takeovers of resource companies, reports Bloomberg.