AI assistant
BHP Group Limited — M&A Activity 2023
Feb 5, 2023
14787_rns_2023-02-05_37134e9e-b430-4478-8730-a225a2f4585e.pdf
M&A Activity
Open in viewerOpens in your device viewer
==> picture [595 x 129] intentionally omitted <==
6 February 2023
BHP's proposed acquisition of OZ Minerals; Brazilian competition approval received
OZ Minerals announces that Brazil’s Administrative Council for Economic Defence has provided clearance for BHP Lonsdale Pty Ltd’s proposed acquisition of 100% of the shares in OZ Minerals by way of scheme of arrangement (“Scheme”).
As a result, the condition precedent regarding Brazilian competition approval has now been satisfied.
The Scheme remains subject to certain other conditions, including approval of the Scheme by OZ Minerals shareholders and the Court, as set out in the Scheme Implementation Deed released by OZ Minerals on ASX on 22 December 2022. Each of these conditions must be satisfied or waived (if applicable) before the Scheme can become effective.
A Scheme Booklet is expected to be sent to OZ Minerals shareholders in early March 2023.
This announcement is authorised for market release by OZ Minerals’ Managing Director and CEO, Andrew Cole.
For further information, please contact:
Investors Media Travis Beinke Sharon Lam T 61 8 8229 6622 T 61 8 8229 6627 M 61 0417 768 003 M 61 0438 544 937 [email protected] [email protected]
OZ Minerals Limited | ABN: 40 005 482 824 | 2 Hamra Drive, Adelaide Airport, South Australia 5950 T: +61 8 8229 6600 | F: +61 8 8229 6601 | [email protected] | www.ozminerals.com