Antofagasta PLC has acquired the remaining 49% stake in Antomin Limited, a Chile-based mineral exploration company, from Mineralinvest Establishment for a consideration of $243 million.

Antofagasta is a UK-based copper mining group with interests in transport and water distribution.

Announcement (April 24, 2009):

Antofagasta has entered into an agreement to acquire the remaining 49% stake in Antomin from Mineralinvest Establishment for $240 million.

N M Rothschild & Sons Limited is acting as financial advisor, while Clifford Chance, LLP is acting as legal advisor to Antofagasta on the transaction.

Deal Value (US$ Million) 243
Deal Type Acquisition
Sub-Category Minority Acquisition
Deal Status Completed: 2008-08-25

Deal Participants

Target (Company) Antomin Limited
Acquirer (Company) Antofagasta PLC
Vendor (Company) Mineralinvest Establishment

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