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NEWS

Australian court approves BHP’s $6.4 billion OZ Minerals takeover

Australian court approves BHP’s $6.4 billion OZ Minerals takeover

(Reuters) – Global miner BHP Group Ltd said on Monday the Federal Court of Australia had approved its A$9.6 billion ($6.44 billion) takeover of OZ Minerals Ltd.

The court approval follows overwhelming support from OZ Minerals shareholders for the deal, which is the third largest in global mining in recent months.

Shares of the Australian copper producer will be suspended from trading on the local bourse at the close of trading on Tuesday.

($1 = 1.4914 Australian dollars)

 

(Reporting by Echha Jain in Bengaluru; Editing by Rashmi Aich)

 

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