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Mineral Resources bids for Australian gas firm AWE

All-share bid tops China state-owned CERCG's A$442 million sweetened offer by slim margin

Melbourne

AUSTRALIA'S Mineral Resources has made an all-share bid for domestic gas producer AWE Ltd, just topping a A$442 million (S$449.7 million) sweetened offer from state-owned China Energy Reserve and Chemicals Group (CERCG).

The suitors are targeting AWE's stake in its...

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