mundra port and sez (JPMorgan) Acquires US$2bn coal terminal in Australia -

MPSEZ has acquired the long term lease of 50MTPA capacity Abbot Point Coal Terminal (ABCT); Acquisition appears expensive; The acquisition appears EPS dilutive at least over next 2 years; Synergy with ADE's coal tenement in Galilee still distant; Bottomline- richly valued acquisition
Date Rating Target Price Recommendation Price Broker house
4 May 2011 neutral 165 143 JPMorgan Report

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