S Korea's POSCO to acquire Australia's Senex Energy in $610m deal

S Korea's POSCO to acquire Australia's Senex Energy in $610m deal

Lumps of coal hold a fire. Photo: Thomas Q

Australian coal-seam gas producer Senex Energy Ltd agreed on Monday to be acquired by POSCO International Corp in an A$852.1 million ($610.02 million) deal, as the South Korean firm accelerates its expansion into global natural gas exploration and production.