BHP has welcomed the announcement that OZ Minerals Limited shareholders have approved the scheme of arrangement for BHP Lonsdale Investments Pty Limited, a subsidiary of BHP Group Limited, to acquire 100% of OZ Minerals’ shares.
The Scheme is still yet to be approved by the Federal Court of Australia.
On 17 April 2023, OZL plans to petition for court orders authorising the Scheme. If granted by the Court, the Scheme will go into effect on 18 April 2023 and be executed on 2 May 2023.
“This is a strong endorsement from OZ Minerals shareholders on the value they will receive under the scheme and the hard work of the OZ Minerals team over many years to create a successful business. We look forward to bringing together our talent and resources to create an even stronger organisation.” BHP CEO Mike Henry said.
