By Dominic Chopping
Danish engineering company FLSmidth & Co. AS said Wednesday that its previously announced acquisition of ThyssenKrupp AG’s mining business has now received regulatory clearances from important mining countries including Australia, South Africa, Peru and Chile.
FLSmidth has previously said that it would pay 280 million euros ($308.3 million) for Thyssenkrupp’s TK Mining, excluding operations in India.
The deal has already received approvals from countries including, but not limited to, Canada and Morocco, and so far all clearances have been without the imposition of any competition related remedies, the company said.
Pending the remaining authority approvals and satisfaction of conditions in the sale and purchase agreement with Thyssenkrupp, the transaction is expected to close during the second half of 2022, the company said.
Write to Dominic Chopping at dominic.chopping@wsj.com
