Gina Rinehart’s Hancock Energy has won majority control of Warrego Energy, marking a milestone in the drawn-out takeover battle for the West Australian gas producer against the target’s joint venture partner Strike Energy.
A move by Chris Ellison’s Mineral Resources to sell its shares into Hancock’s 36¢-a-share offer has taken Hancock’s interest in Warrego to 50.54 per cent, the private firm owned by Ms Rinehart’s Hancock Prospecting said on Monday.
Gina Rinehart’s Hancock Energy has won majority control of...
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