FLASH: Huayou Cobalt to acquire Atlantic Lithium in $210 million deal

On May 7, Huayou Cobalt announced that it has entered into a Scheme Implementation Deed and related agreement attachments with Atlantic Lithium Limited, and intends to acquire 100% of its equity through a scheme of arrangement. The transaction consideration is $210 million (excluding capital gains tax), with the final acquisition price to be determined based on the capital gains tax application filed with the Ghana Revenue Authority (GRA).

Edited by Cassie Li, lixiangying@mysteel.com