IGO will acquire a non-controlling interest in Tianqi Lithium Energy Australia through a subscription of new shares in Lithium HoldCo for $1.9 billion. Tianqi Lithium Energy Australia will own 51% interest in Greenbush mine and 100% interest in Kwilana process plant and it also has a large amount of loans. The amount of loans in the balance sheet of Tianqi Lithium Energy Australia will be key to this transaction and however, it is not disclosed to the market. As the transaction proceed, the loan information will be disclosed to the market. I will hold and see what's going with the transaction.
IGO will acquire a non-controlling interest in Tianqi Lithium...
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