LONDON, March 6 (Reuters) – Singapore-listed commodity
trader Noble Group will vote all of its shares in
Australia’s Gloucester Coal Limited in favour of a merger with
Yancoal Australia Limited and will get 412 million Australian
dollars under the merger terms, the company said on Tuesday.
On completion of the merger, Yancoal is expected to be the
largest independent listed Australian coal miner, Noble said.
Noble Group will own approximately 13.2 percent of Yancoal
and William Randall, Noble director and Head of Hard
Commodities, will join the Yancoal board of directors.
(Reporting by Jacqueline Cowhig; editing by Keiron Henderson)
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