April 3 (Reuters) - Zhejiang Huayou Cobalt Co Ltd 603799.SS:
RECEIVED UNSOLICITED, CONDITIONAL, NON-BINDING PROPOSAL FROM ZHEJIANG HUAYOU COBALT CO., LTD & THE RENAULT GROUP
DEAL FOR 100% OF CO'S INTERESTS IN HOMBRE MUERTO WEST AND CANDELAS FOR US$150 MILLION
BELIEVES INDICATIVE PROPOSAL IS OPPORTUNISTIC AND UNDERVALUES CO'S KEY ASSETS
BOARD OF GALAN REJECTED OFFER
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