WES News: UPDATE 1-Australian lithium miner Azure agrees to $1 bln takeover bid from Chile's SQM - 26th Oct 2023, 10:40am

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(Adds further details on deal in paragraphs 2-5)

Oct 26 (Reuters) - Australia's Azure Minerals Ltd said on Thursday it had agreed to a takeover offer from Chilean mining giant Sociedad Química y Minera de Chile (SQM) , in a deal implying an equity value of A$1.63 billion ($1.03 billion) for the lithium producer.

Azure, which owns around 60% stake in the highly prospective Andover lithium project in Western Australia's Pilbara region, had previously rejected a buyout bid from SQM that valued...

>>> Read more: UPDATE 1-Australian lithium miner Azure agrees to $1 bln takeover bid from Chile's SQM
 
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