25 April 2024
Arrow's Bow takeover clears approval hurdles
Publication date: 21 December 2011
Gas Strategies Group
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A majority of the shareholders of Australian coal-bed methane company Bow Energy on Wednesday voted to approve the takeover of the company by Shell/Petrochina joint venture Arrow Energy. A final hurdle for the deal remains at an Australian federal court hearing on Thursday, but this looks a formality after the takeover was granted approval by the Australian treasury and Chinese government last week.