PERTH (miningweekly.com) – French group Eramet will start the compulsory acquisition of all the remaining shares in ASX-listed Mineral Deposits, after gaining a 99.24% interest in the company at the close of its takeover offer on August 3.
Eramet had offered MDL shareholders A$1.75 a share in cash for their interest in the company.
The French firm was planning to delist MDL from the ASX, and will take full ownership of the TiZir titanium and iron JV, in Norway.