(EnergyAsia, December 10 2010, Friday) — Chinese state-owned Guangdong Rising Assets Management (GRAM) expects to complete its takeover of UK-listed coal miner Caledon Resources for £251.6 million by the end of the year. Early last month, GRAM unveiled an unsolicited offer to acquire Caledon at a generous 53% premium over a 20-trading day average price….
CHINA: Guangdong firm takes over UK’s Caledon Resources for £251.6 million
Posted on December 9, 2010 by EnergyAsia