Polo Resources says private equity offer “significantly undervalues” assets

Posted on | January 30, 2009 | Comments Off

Private equity firm Denham Capital Management has made an offer for mining concern Polo Resources, listed on London’s Alternative Investment Market. Polo described the bid as highly conditional and claimed it significantly undervalued the company’s assets. Polo owns 29.8% of GCM Resources, proponents of the Phulbari coal mine project in Bangladesh.

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Category: News
Tags: Asia Energy > Bangladesh > Coal > GCM Resources > Phulbari

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