Sorry my figures were WRONG...! """Gee no one, wanting to pick that up..."""" It was 6.5% difference so now AVZ only will own 44.5% of the project and will not be the CONTROLLING BODY..! 24% CATH had...BUT now have 30.5% This info below, can be found in AVZ company ANNOUNCEMENTS ...so hope that is FACTS..!
As far back as September 2021, CATH agreed to invest some US$240 million (AU$366.7 million) to build the plant in return for 24 per cent of the project, eventually taking AVZ’s 75 per cent share down to a still-controlling 51 per cent. But now that agreement has changedRevised TIAConsiderationUnder the terms of the revised TIA, CATH will acquire an indirect 30.5% interest in the Manono Project,through the acquisition of shares in GLH (a wholly owned subsidiary of AVZI and the holder of legaltitle to AVZ's interest in Dathcom), for cash consideration to AVZ of US$259.25m
AVZ Price at posting:
78.0¢ Sentiment: None Disclosure: Held
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