Austral Coal Limited 03(R) - Panel Publishes Reasons
The Takeovers Panel (the Panel) has today, published its reasons for its decision in relation to an application by Glencore International A.G. and Fornax Investments Limited (together, Glencore) received on 12 July 2005 for review of the Panel's decision in the Austral Coal 03 Proceedings in relation to the affairs of Austral Coal Limited (Austral). The President of the Panel declined to consent to the application for review.