Ganfeng Lithium to acquire Bacanora for $264mln
Published: Friday, 07 May 2021
China-based lithium producer Ganfeng Lithium has agreed to acquire Bacanora Lithium for up to £190 million ($264 million) via Shanghai Ganfeng, its wholly-owned subsidiary, according to a statement filed to the Shenzhen Stock Exchange on Friday May 7.
Ganfeng Lithium had previously said it would increase its
stake in London-listed Bacanora to 28.88% from 17.41%, a
process which is still going through relevant procedures, the