Codelco is said to near buyout of Australia’s lithium power

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Codelco is nearing a deal to acquire Lithium Power International Ltd. that could value the Sydney-listed firm at nearly A$315 million , according to people familiar with the matter.

An announcement could come as soon as next week, one of the people said, who asked not to be identified as the information is private. Negotiations could still be delayed or even fall apart, according to the people. Shares of Lithium Power have fallen about 20% this year, giving it a market value of around $141 million.

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