Russia's nickel giant receives approval for purchase of LionOre
Russia's nickel giant Norilsk Nickel has received all necessary regulatory approval for the purchase of Canada's leading gold and nickel producer LionOre, the Russian company said in a statement Tuesday.
“We look forward to LionOre shareholders tendering their shares before the expiration of our offer on June 28, after which Norilsk Nickel intends to complete the acquisition of all outstanding shares of LionOre,” said Denis Morozov, Norilsk Nickel's director general. The deal worth some $6.3 billion was earlier approved by regulators in a number of other countries.
LionOre produces nickel, gold, copper, cobalt, and platinum metals in Australia, Botswana, and South Africa. Norilsk Nickel is the largest mining and metals company in Russia, the world's largest producer of nickel and palladium, and one of the world's largest producers of platinum and copper. (rian.ru)
ADVERTISEMENT
ÁKK Cutting Premiums on PMÁP
Parl't Approves Amendments to Legislation on Judiciary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
