Companies / Australia
BG Group Ups QGC Stake To Over 90%
November 2008 | Industry NewsBG Group has acquired 90.95% of Australian coal bed methane (CBM) gas producer Queensland Gas Company (QGC), according to a statement released by QGC on November 17. BG is set to buy all of QGC in an AUD5.75bn (US$3.71bn) friendly takeover, as it looks to enhance its position in the Asia Pacific liquefied natural gas (LNG) markets.
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