PRE-MARKET AUSTRALIAN STOCK NEWS: Westfield Group (WDC AT) is to be acquired by Unibail-Rodamco

AGL Energy (AGL AT)
- Co. affirms FY18 underlying profit AUD 940mln-1.04bln. (Newswires)

BHP (BHP AT)
- Co. is said to have hired advisors for US shale sale early next year. (Newswires)

CSL Limited (CSL AT)
- Co. Chairman John Shine intends to retire after AGM next October. (Newswires)

Iluka Resources (ILU AT)
- Co. board approved Cataby minerals sands project which has an estimated construction cost of between AUD 250mln-275mln. (Newswires)

Newcrest Mining (NCM AT)
- Co. is to offload 89.9% holding in Bonikro operation valued at AUD 81mln. (Newswires)

Westfield Group (WDC AT)
- Co. is to be acquired by Unibail-Rodamco in cash and stock deal valued at USD 24.7bln. (Newswires)

Other News
- RBA is reportedly considering the advantages and disadvantages of one day issuing a digital form of AUD, although Governor Lowe also commented that bitcoin seems like speculative mania. (Newswires/The Australian)

Basic Materials / Energy
- Australian government says it no longer sees a gas supply shortage during next year. (Newswires)
- WTI crude futures were lower and briefly fell below USD 57/bbl, but then rebounded off lows and nursed some losses following a larger than expected draw in API crude inventories.

12 Dec 2017 - 22:41- EnergyResearch Sheet- Source: Newswires

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