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Article: CORR - CHINESE GOVT APPROVES PURCHASE OF OZ MINERALS' ASSETS.
- Article from:
- AsiaPulse News
- Article date:
- June 3, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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(Updates figure in eleventh paragraph following company correction to ASX statement)
MELBOURNE, June 3 Asia Pulse - Australian shareholders are now the only barrier to Oz Minerals' (ASX:OZL) sale of most of its assets for US$1.2 billion to a Chinese state owned company.
All Chinese government approvals required to meet the transaction have now been received, leaving the final decision to Australia shareholders next week, Oz Minerals said in a statement on Wednesday.
China Minmetals Non-Ferrous Metals Company Ltd's (Minmetals) (SSE:600058) bid to buy most of OZ Minerals assets was approved by Australian Treasurer Wayne Swan in April.
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