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An announcement from CI Resources Limited ( (AU:PRG) ) is now available.
PRL Global Limited has successfully completed all conditions precedent for the acquisition of Centrex Ltd, Agriflex Pty Ltd, and the Ardmore Phosphate Mine in Queensland, marking a significant milestone for the company. This acquisition aligns with PRL’s core business in mining and marketing phosphate, and the rebranding of Centrex and Agriflex as ‘PRL Ardmore’ is expected to enhance the company’s phosphate portfolio. The transaction, which involved extensive due diligence and logistical negotiations, is anticipated to benefit shareholders, customers, and other stakeholders, with customer shipments on track for later in 2025.
More about CI Resources Limited
PRG is a leading fertiliser company and producer of Australian Phosphate exports with a global fertiliser value chain, dedicated to providing high-quality products to meet the growing demands of customers. With a focus on innovation and sustainability, PRG strives to provide a sustainable and prosperous future for our community, employees, shareholders and customers.
Average Trading Volume: 9,386
Technical Sentiment Signal: Buy
Current Market Cap: A$191M
For detailed information about PRG stock, go to TipRanks’ Stock Analysis page.