Stanmore Provides update on acquisition of BHP Mitsui Coal
- Stanmore (SMR) provides an update on the 80 per cent acquisition of BHP’s 80 per cent interest in BHP Mitsui Coal (BMC)
- The company says the acquisition is expected to be complete by the middle of next year
- SMR has applied for approval from the Australian Foreign Investment Review Board and expects a response in February
- The company has also sought approval from three merger control authorities and at this stage has received approval from one of the three
- Shares are trading 2.48 per cent higher this morning at $1.04 per share
