Beach takes over Impress Energy

OIL and gas producer Beach Energy Ltd has secured majority control of Impress Energy Ltd, after making a takeover offer earlier this month.
Beach said its relevant interest in Impress was above 50 per cent and it was now highly unlikely a rival bidder would emerge. 
Beach has interests in a range of countries, but it is primarily focused on the Cooper and Eromanga basins in central Australia. 
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Source: Herald Sun