AusRAIL, Market Sectors

FIRB gives green light for Aquila takeover

<span class="" id="parent-fieldname-description"> Aurizon and China’s Baosteel have been given the green light by the Foreign Investment Review Board for their $1.4bn proposed takeover of Aquila Resources. </span> <div>The FIRB sent a letter to the two companies last Thursday advising it had no objection to the planned acquisition of Aquila.