BHP completes OZ Minerals takeover
BHP completes OZ Minerals takeover Mining giant BHP (ASX: BHP) has completed its acquisition of OZ Minerals (previous ASX code: OZL), with the latter's shares set to be removed from the Australian Securities Exchange on 3 May 2023. The acquisition, completed through BHP Lonsdale Investments, a wholly-owned subsidiary of BHP Group Limited, involved the purchase of 100% of OZ Minerals shares via a scheme of arrangement. The deal, valued at $9.63b, was approved by the Federal Court in April 2023. BHP chief executive officer Mike Henry said that the acquisition strengthens BHP's portfolio in copper and nickel and is in line with its strategy to meet the increasing demand for critical minerals needed for electric vehicles, wind turbines, and solar...