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Blackstone Seals IDM Deal, Gains Control of Major Philippine Copper-Gold Asset
2:02pm on Wednesday 18th of June, 2025 AEST
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Blackstone Seals IDM Deal, Gains Control of Major Philippine Copper-Gold Asset
2:02pm on Wednesday 18th of June, 2025 AEST
Key Points
Supreme Court of Western Australia approves scheme of arrangement
Blackstone to acquire 100% of IDM shares with 7.4 BSX shares per IDM share
Acquisition includes 64% stake in Mankayan copper-gold project with 25-year license
Scheme effective as of June 18, 2025; trading of Blackstone shares resumes June 30
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