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Why Zijin’s Backing Could Seal Bastion’s Xanadu Takeover

9:44am on Tuesday 17th of June, 2025 AEST Mining
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Why Zijin’s Backing Could Seal Bastion’s Xanadu Takeover

9:44am on Tuesday 17th of June, 2025 AEST
Key Points
  • Zijin Mining accepts Bastion’s off-market takeover offer
  • Bastion’s relevant interest in Xanadu rises to 29.67%
  • Takeover Committee doubts a superior third-party offer will emerge
  • Committee reiterates recommendation to accept Bastion’s offer
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