China Yanzhou to buy coal firms from Australia's Wesfarmers
China's Yanzhou Coal Mining Co Ltd has agreed to buy two coal companies from Australia's Wesfarmers Ltd for A$296.8 million ($288.5 million), Yanzhou Coal said in a statement on Tuesday.
The transaction was subject to regulatory approvals in China and Australia, the statement said. ($1 = 1.029 Australian dollars)
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