QGC queensland gas company limited

BRITAIN'S gas giant BG Group is set to launch a full bid for...

  1. street talk
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    24/10/08
    13:22
    Post #: 4424776
    BRITAIN'S gas giant BG Group is set to launch a full bid for Queensland Gas after buying AGL's shares in the company.

    BG has increased its stake in Queensland Gas to 36 per cent.

    Both Queensland Gas and AGL were in trading halts this morning pending news on what was called a material transaction, which was understood to be the sale of AGL’s shares to BG.

    BG was rebuffed earlier this year when it tried to buy Origin Energy for $15.50 a share.

    The price of the Queensland Gas deal was not known.
    QGC Price at posting: $3.20 Sentiment: None Disclosure: Not Held
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