Noble: may see trading interest amidst the on-going reorganization of its coal assets.
Gloucester Coal (GCL AU; 65% owned by Noble), is reported to be in negotiations to acquire unlisted Donaldson Coal (100% owned by Noble), in a A$600m deal.
GCL plans to raise btwn A$400- 500m through a share sale to fund the purchase, which may result in Noble’s stake being diluted. GCL may also buy Monash, another coal co, in which the CEO has a minority sh/h.
GCL was halted since yday.
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