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BRIEF-Yanzhou Coal updates on tag-along offer in relation to acquisition of Coal & Allied

Published 12/06/2017, 07:36 pm
Updated 12/06/2017, 07:40 pm
© Reuters.  BRIEF-Yanzhou Coal updates on tag-along offer in relation to acquisition of Coal & Allied
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June 12 (Reuters) - Yanzhou Coal Mining 1171.HK

* Update announcement tag-along offer in relation to the very substantial acquisition of Coal & Allied from Rio Tinto (LON:RIO)

* On 12 june 2017, HVOR has accepted tag-along offer

* Yancoal Australia has reached agreement for HVOR to provide exclusive agency arrangements for thermal coal sales into Japanese power utilities

* Yancoal Australia also granted an irrevocable right by HVOR to buy 28.898% of its equity interest in Warkworth jv with an exercise price of US$230 million Source text Further company coverage: 1171.HK

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