Gloucester Coal to leave Australia benchmark index
Tuesday, 16 Jun 2009
Index compiler Standard & Poor's said that Gloucester Coal Ltd will be removed from Australia's benchmark share index following a successful takeover and will be replaced by SMS Management and Technology Ltd
Gloucester in May agreed to an offer from Hong Kong-based commodity trader Noble Group (NOBG.SI) worth about $430 million.
Management services group SMS will take Gloucester's place in the S&P/ASX 200 index .AXJO, while Apex Minerals (AXM.AX) will be the new entrant in the S&P/ASX All Australian 200 index.
The changes will take effect following the market close on June 19. (Reporting by James Thornhill)
