The local arm of Chinese conglomerate the Citic Group holds the key to Peabody, or any other potential suitor, succeeding in its bid to take over Macarthur Coal.
The local arm of Chinese conglomerate the Citic Group holds the key to Peabody, or any other potential suitor, succeeding in its bid to take over Macarthur Coal .
Citic is still Macarthur’s biggest shareholder and stands to become an even bigger player after Noble shareholders vetoed their company’s proposed deal with Macarthur.
