Ganfeng Lithium to acquire Bacanora for $264mln

By IM Staff
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 statement added....

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