Australian lithium miner Azure agrees to $1 bln takeover bid from Chile's SQM

Azure Minerals

26/10/2023 24:28

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

($1 = 1.5898 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru; Editing by Anil
D'Silva)
 ((Roushni.Nair@thomsonreuters.com;))