Orocobre will buy Galaxy Resources via a scheme of arrangement.
April 20, 2021 at 05:16 AM
1 minute read
Correspondent, Sydney
Ashurst and Jones Day are advising on a $3.1 billion merger of Australian lithium producers as demand for the battery ingredient increases.
In a deal worth A$4 billion, Orocobre will buy Galaxy Resources through a scheme of arrangement to form the world’s fifth largest producer of lithium chemicals, with operations in Australia, Argentina and elsewhere.
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