IGO Nickel Holdings Pty Ltd

Western Areas Nickel Portfolio - Acquisition Financing

Industry
Metals and Mining/Base metals
Area of finance
Project & Infrastructure Finance
Region
Australasia
Countries
Australia

Deal Overview

Australian nickel and lithium miner IGO has agreed to acquire nickel-focused, base metal miner Western Areas. Under the arrangement, Western Areas shareholders will receive A$3.36 in cash from IGO for each share held. The acquisition is aligned with IGO’s plan to focus on metals critical to...

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Australian nickel and lithium miner IGO has agreed to acquire nickel-focused, base metal miner Western Areas. Under the arrangement, Western Areas shareholders will receive A$3.36 in cash from IGO for each share held. The acquisition is aligned with IGO’s plan to focus on metals critical to clean energy. It also represents a logical consolidation of the nickel sector in Western Australia.

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Deal Volume
$624.09m
Financial Close
20 June 2022
Sources
Submitted by participant(s)

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Tranches


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Projects

Western Areas Nickel Portfolio

Brownfield
Base metals
Australasia
Australia
$906m