Melbana fails in bid for Metgasco

Takeover offer sees Melbana gain just a 27.8% stake in target company

Takeover: Melbana had been hoping to take 100% of the ordinary shares in Metgasco — Takeover: Melbana had been hoping to take 100% of the ordinary shares in MetgascoPhoto: AFP/SCANPIX

Josh Lewis

Perth

Metgasco Melbana Energy Corporate Financial Australia

Published 5 February 2020, 02:14Updated 5 February 2020, 02:14