PE-invested Whitehaven Coal goes up for sale
Independent Australian coal mining corporation Whitehaven Coal, 27% invested by US PE firm First Reserve, will entertain acquisition bids in the light of ongoing interest from corporate suitors – a decision that could lead to an nearly A$3.5 billion ($3.4 billion) transaction if brokered, according to reports.
ASX-listed Whitehaven is set to launch a formal process to assess the bids, the company said in a release. Local media pegged corporate players Peabody Energy from the US, PRC-owned Shenhua Group and China’s...
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