Australia’s Whitehaven talks with China’s Shenhua

China’s Shenhua Group has held talks with Australia’s Whitehaven Coal about a potential corporate or asset deal, but has not made any proposals to sell its assets to Whitehaven nor made a takeover offer, Whitehaven said on Wednesday.

Whitehaven made the comment after a newspaper said Shenhua, China’s biggest coal producer, had recently discussed taking an equity stake in Whitehaven in return for Shenhua’s Watermark coal assets in New South Wales.

via Business feed http://www.scmp.com/business/companies/article/1108197/australias-whitehaven-talks-chinas-shenhua