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CTJHY Citic Resources Holdings Ltd (PK)

8.11
0.00 (0.00%)
27 Nov 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Citic Resources Holdings Ltd (PK) USOTC:CTJHY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 8.11 8.10 10.14 31 22:00:01

Peabody, Arcelor Secure Citic Backing, Control 49% Of Macarthur

20/10/2011 11:59pm

Dow Jones News


Citic Resources (PK) (USOTC:CTJHY)
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The world's largest private coal miner and steelmaker by output Peabody Energy Corp. (BTU) and ArcelorMittal (MT), are on the brink of securing control of Australian coking coal miner Macarthur Coal Ltd. (MCC.AU), after securing the backing of the company's largest shareholder CITIC Group.

The Chinese state-owned investment body said it would accept the offer within the next 24 hours.

CITIC subsidiaries control around 25.2% of Macarthur shares, bringing the takeover partners to over 49% of Macarthur shares, the companies said in a statement.

-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com

1 Year Citic Resources (PK) Chart

1 Year Citic Resources (PK) Chart

1 Month Citic Resources (PK) Chart

1 Month Citic Resources (PK) Chart

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