HAS News: Agreement to acquire strategic shareholding in Neo Performance Materials and cornerstone investment - 26th Aug 2022, 8:00pm

annb0t

Top 20
PERTH, Australia, Aug. 26, 2022 /CNW/ -

Highlights

Hastings to acquire a 22.1% strategic shareholding in Neo Performance Materials Inc., a leading global rare earth processing and advanced permanent magnets producer listed on the TSX. The acquisition is intended to be funded by a A$150 million cornerstone investment in Hastings by Wyloo Metals, through the issuance of secured, redeemable, exchangeable notes. The proposed acquisition provides Hastings with a strategic stake in Neo and exposure ...

>>> Read more: Agreement to acquire strategic shareholding in Neo Performance Materials and cornerstone investment in Hastings by Wyloo Metals
 
Top Bottom