Mining

Ganfeng Lithium grabs Bacanora in $246.5m deal

Ganfeng, which in February announced a plan to raise its stake in Bacanora to 28.88% from 17.41%, will acquire the remaining shares in the company at 67.5 pence each, a joint statement said. The increase in Ganfeng’s stake to 28.88% is expected to complete shortly, it added.

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