ANZON AUSTRALIA LIMITED (AZA) RECEIVES APPROACHES FROM INTERESTED PARTIES
AEL refers to the ASX announcement by AZA on 27 August 2007, where AZA advised that it has received a number of approaches from parties which could lead to an offer or proposal being put to AZA shareholders.
AEL is AZA's controlling shareholder and has a 53% equity interest in AZA. AEL wishes to advise that it currently has no intention to make an offer for the minority 47% interest in AZA at this time. Furthermore, AEL has resolved to assist AZA in the evaluation of approaches to AZA and appropriate strategies in respect thereto, in order to maximise returns to all shareholders.
In this regard, AEL has appointed Macquarie Bank Limited and Corrs Chambers Westgarth as its advisors in Sydney.
AZA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held