Original article by Peter Ker
The Australian Financial Review – Page: 15 : 30-May-22

Yankuang Energy’s bid to gain full ownership of Yancoal Australia will need the support of Glencore, which has a 6.4 per cent stake in the target. Hong Kong-listed Yankuang has a 62.26 per cent stake in Yancoal, and the support of Glencore will be needed if it is to reach the 90 per cent threshold to move to compulsory acquisition. This would also require ownership restrictions imposed on Yancoal by the Foreign Investment Review Board in 2012 to be overturned. Meanwhile, it has emerged that Glencore has sought on a number of occasions in recent years to sell its Yancoal stake to Yankuang, and it is likely to be a willing seller at the right price.

CORPORATES
YANCOAL AUSTRALIA LIMITED – ASX YAL, YANKUANG ENERGY GROUP COMPANY LIMITED, GLENCORE PLC