02
Oct
15:00
Australia's Hancock increases stake in Liontown to 12.4%
Australia’s Hancock Prospecting has increased its strategic stake in Australia-listed lithium developer Liontown Resources to 12.4%, paying up to AUD 3 ($1.94) per additional share, Kallanish learns.
Last month, Hancock increased its stake in the firm to 10.7% from the previous 7.72%. Liontown is currently facing an AUD 6.6 billion acquisition bid from US lithium giant Albemarle. However, Hancock, owned by Australian billionaire Gina Rinehart, can block the …
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