Now Reading:

Arrow to rebuff Shell and Petrochina: report


Arrow to rebuff Shell and Petrochina: report


Australia’s Arrow Energy is about to throw out a joint takeover bid from Royal Dutch Shell and PetroChina according to media reports in Australia.

Several analysts have said the bid, worth 2.2 billion euros, significantly undervalues Arrow’s proven and probable reserves of energy.

There is speculation that a refusal could trigger a higher, hostile bid for the firm exploiting Australia’s fast-expanding coal seam gas sector.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article