AWE Limited reports that China’s CERCG Aus Gas Pty Ltd (CERCG) has obtained ASIC’s consent to withdraw its off- market takeover offer to acquire 100% of the shares in AWE.

The AWE Board continues to unanimously recommend that shareholders ACCEPT the off- market takeover offer by Mitsui & Co., Ltd. (Mitsui) to acquire 100% of the shares in AWE for cash consideration of $0.95 per share in the absence of a superior proposal.