CAPITAL MARKETS

Saudis take over Bemax

SAUDI Arabia’s National Titanium Dioxide Company today announced its wholly-owned Australian subsidiary, Cristal Australia, has acquired a 92.88% stake in mineral sands producer Bemax Resources.

Kristie Batten
Saudis take over Bemax

Cristal’s offer of 32c per share is unconditional and the company intends to proceed with the compulsory acquisition of the remaining Bemax shares when the offer closes on July 18. Shareholders approved...

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