DataRoom AM: Yancoal control

Yancoal moves closer to a Chinese takeover, while Ten Network's biggest shareholder is determined to keep the media group in Australian hands.

Local coal giant Yancoal could again be edging close to a Chinese takeover as its majority shareholder pursues a bold debt deal that could lift its stake within touching distance of compulsory acquisition territory.

Elsewhere, the plot thickens again at Ten Network, Great Southern Rail gets placed on the chopping block and AusNet positions for a tilt at east coast power assets.


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