CITIC Group 22.8%
Arcelormittal Netherlands BV 16.6%
HSBC Custody Nominees (Australia) Limited 13.3%
POSCO 8.3%
National Nominees Limited 7.8%
The above is 68.8% of Macarthur Coal's (MCC) share register. CITIC and POSCO aren't part of the bid.
Gaining control of MCC looks a much tougher assignment than ESG would be for a bidder other than STO and GLNG.
As for Arrow db, you're living in the past when you keep referring to it to prove your point. Things were different then and none of the Queensland LNG projects had secured environmental approvals and FID.
Finally, ESG needs to book more reserves before it comes into play. The delay in the reserves upgrade is proving fortuitous. Hopefully the ill winds from Europe will blow over by August.
- Forums
- ASX - By Stock
- ESG
- defensive takeover strategies
defensive takeover strategies, page-7
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ESG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online