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FIRB approves Azure takeover by SQM and Hancock

30th April 2024

By: Creamer Media Reporter

     

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The Foreign Investment Review Board (FIRB) has approved the acquisition of ASX-listed Azure by SH Mining – a bid vehicle jointly owned by Sociedad Quimica y Minera de Chile (SQM) and Hancock Prospecting.

SH Mining will acquire Perth-based Azure for $3.70 a share.

Azure said on Tuesday that the scheme remained subject to “very limited conditions”.

The deal would go before the Supreme Court of Western Australia on Wednesday afternoon.

Edited by Creamer Media Reporter

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