Australia's Orica to buy US-based Cyanco for $640 mln
20/02/2024 21:49
Feb 21 (Reuters) - Australia's mining chemicals maker
Orica ORI.AX said on Wednesday it will acquire the entire
stake in U.S.-based sodium cyanide manufacturer Cyanco
Intermediate 4 Corp for $640 million.
Orica will fund the acquisition via an underwritten
institutional placement worth A$400 million ($261.88 million),
it said.
($1 = 1.5274 Australian dollars)
(Reporting by Poonam Behura; Editing by Shailesh Kuber)
((Poonam.Behura@thomsonreuters.com;))
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