https://www.miningweekly.com

SQM and Hancock’s bid for Azure gains competition law approvals

28th February 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

The A$1.7-billion joint bid by SQM and Hancock Prospecting for Australian lithium developer Azure Minerals has successfully secured all necessary approvals under competition law, it was announced on Wednesday.

Consequently, the relevant conditions set out in the transaction implementation deed have been satisfied. The transaction is still contingent upon the satisfaction of additional conditions.

The Azure board has recommended that shareholders vote in favour of the $3.65-a-share offer of SQM and Hancock.

Azure earlier this month lodged a draft transaction booklet with the Australian Securities and Investments Commission and expects to send it to shareholders in early March. Further details about the timing of the transaction will be included in the booklet.

Edited by Creamer Media Reporter

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.12 0.151s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: