Wescoal, Keaton merger gets Competition Commission go-ahead

June 7, 2017

Responsive image

Wescoal has taken one step closer to closing its proposed R526-million buyout of Keaton Energy, following unconditional approval by the Competition Commission. The acquisition, announced in February, will be settled through R351-million in cash and the balance through the issue of 87.80-million Wescoal ordinary shares.

Category: General