IN BRIEF: Bacanora Lithium takeover by Ganfeng now unconditional

Bacanora Lithium PLC - developer of Sonora lithium project in Mexico - Acquisition by Ganfeng ...

Alliance News 17 December, 2021 | 9:23PM
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Bacanora Lithium PLC - developer of Sonora lithium project in Mexico - Acquisition by Ganfeng International Trading (Shanghai) Ltd has become unconditional, following the satisfaction of the Mexican Antitrust Clearance condition.

As as result, Bacanora Lithium will move towards having its shares on London's AIM cancelled from trading.

In August, the two reached an agreement on recommended cash offer worth 73.6 pence per Bacanora share. It valued Bacanora at around GBP284.8 million.

Current stock price: 68.00 pence, up 7.1% on Friday

Year-to-date change: up 6.3%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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Bacanora Lithium PLC

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