Hochschild Goes After Chilean Miner

Hochschild Goes After Chilean Miner

Chile Peru M&A

London-listed Peruvian miner Hochschild Mining has launched a bid to acquire Chile-focused exploration and development Andina Minerals for CAD103m ($103m), the companies say. The CAD0.80 per share cash offer represents a 106% premium. Andina did not run a formal auction process but has been in conversation with parties interested in the asset, with the deal coming at the upper end of recent premiums, given the mining sector’s current softness, says a person familiar with the deal. The move incre

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