Arcadium Lithium Secures Global Regulatory Approvals for Rio Tinto Acquisition

Arcadium Lithium, a prominent global lithium chemicals producer, has announced that it has received all necessary global regulatory approvals to proceed with its acquisition by Rio Tinto. This marks a significant step in the completion of the transaction previously announced in October 2024. The approvals encompass merger clearance in several countries including Australia, Canada, China, Japan, South Korea, the UK, and the US. Additionally, the investment screening green light was granted in Australia, Canada, Italy, the UK, and the US. The next planned step is a court hearing by the Royal Court of Jersey on March 5, 2025, which is crucial for the sanctioning of the scheme of arrangement under Jersey law. Arcadium's shares and depositary receipts will be delisted post-transaction, marking a major corporate transition. Arcadium's operations extend globally, engaging in advanced lithium extraction and chemical manufacturing to support the renewable energy sector.