South Africa's Optimum Coal Confirms Expressions Of Interest
26 Agosto 2011 - 10:44AM
Dow Jones News
South African coal producer Optimum Coal Holdings Ltd. (OPT.JO)
confirmed Friday that it has received expressions of interest to
purchase part of the company but no firm offers have been made yet,
it said amid media reports that Glencore International PLC
(GLEN.LN) is considering a bid for the miner.
"The board of directors of Optimum...wish to inform shareholders
that it has received unsolicited, non-binding expressions of
interest from third parties to acquire a controlling interest in
Optimum," the coal miner said.
"Shareholders are advised that there is currently no certainty
that Optimum will receive a firm intention to make an offer from
any party," it added.
Thursday, Glencore presented its results and chief executive
Ivan Glasenberg said: "we do take the view that there [are]...cheap
opportunities out there." That followed an announcement Wednesday
that the recently listed company tabled an offer valuing Australian
nickel miner Minara Resources Ltd. (MRE.AU) at 1.02 billion
Australian dollars ($1.07 billion).
-By Devon Maylie, Dow Jones Newswires; +27 11 783 7848;
devon.maylie@dowjones.com
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