Baosteel and Aurizon in control of Aquila Resources

On Thursday, 3 July, Aurizon announced that Baosteel Resources Australia and Aurizon Operations (the Bidders) entered into a Takeover Implementation Agreement (TIA) with Aquila Resources (Aquila) to facilitate the change in control and management of Aquila to the Bidders. Tony Poli (chairman and largest shareholder of Aquila) has agreed to sell his 28.9% stake in … Read more