Bet...this story would be great, but sadly it is at least 3...

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01/07/14

21:54

Post #: 13597291
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Originally posted by bet ↑

"Meanwhile, Indian companies have dominated the list of shortlisted bidders for Australian coal explorer Bandanna Energy in a potential billion-dollar plus sale. GMR Group, NTPC, Jindal Steel and Power, JSW Steel and Aditya Birla Group have all been reportedly eying the assets, along with some Chinese firms. GMR, NTPC, JSPL have reportedly recently pulled out of the race for different reasons.
However, all of the potential Indian bidders are top names and any one of them, if successful, will be expected to receive “strong support” from both local and foreign banks, according to several loans bankers."

"Indian companies had “huge resource requirements” and were currently looking at potential acquisitions in Asia, Europe and Africa, said another India-focussed loans banker. In particular, “many power producers are looking to acquire coal mines. The significant shortage of coal in India is not going to change anytime soon”, said a third banker."

http://www.ifre.com/still-strong/1521697.fullarticle

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Bet...this story would be great, but sadly it is at least 3 years out of date. Hence the Still Strong is no longer relevant in mid 2014.

The Griffin Coal acquisition reference occurred in March 2011.

BND Price at posting: 8.4¢ Sentiment: None Disclosure: Not Held
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Bet...this story would be great, but sadly it is at least 3...

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