Antofagasta in , BHP out at Reko Diq

摘要

A deal between ' (TYCFF-O, TYC-A) and Antofagasta (ANFGY-O, ANTO-L), under which Antofagasta will take up a 37,5 percent direct interest in the Reko Diq copper project in Pakistan and a shareholding in Tethyan, appears to cripple a takeover bid for Tethyan from merchant bank Crosby Capital (CSB-L). Under the agreement, Antofa-gasta, controlled by the Luksic family of Chile, takes up 33 million shares of Tethyan, about 20 percent of the company, for 20.5 million US dollars.