India, Aug. 25 -- The Government of India has issued a release:
The Competition Commission of India (CCI) has approved the acquisition of 100% stake in Kestrel Coal Group Pty Ltd. by Yancoal Australia Limited from certain sellers.
The Proposed Combination envisages acquisition of 100% of equity interest and warrants in Kestrel Coal Group Pty Ltd. (Target) by Yancoal Australia Limited (Acquirer) from EMR Capital Advisors Pty Ltd., Kestrel Coal (EMR) Limited, EMR Capital Management Limited, and Adaro Capital Limited (the 'Sellers').
The Acquirer is a public company listed on the Australian Securities Exchange and Stock Exchange of Hong Kong. It primarily produces thermal coal from mines located in New South Wales, Queensland and Western Au...