Stanmore Resources Limited (ASX: SMR) provided an update on its earlier announcement related to the implementation of a definitive share sale agreement with Mitsui & Co. Ltd and Mitsui & Co. Ltd, to buy the rest 20% stake in BHP Mitsui Coal Pty Ltd, now renamed Stanmore SMC Pty Ltd held by Mitsui.
The company has confirmed that it has received approval from the Australian Foreign Investment Review Board that the Commonwealth has no objections under the Foreign Acquisitions and Takeovers Act 1975 to the acquisition. Now, the completion of the acquisition is likely to take place in 5 business days.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
