Bellevue Gold to join ASX 200

Bellevue Gold is set to join the list of top 200 ASX companies replacing takeover target OZ Minerals. 

On Thursday, OZ Minerals shareholders voted to approve BHP’s $9.6 billion takeover to acquire 100 per cent of the company after entering the deal in December.

The acquisition will make way for Bellevue Gold to join the S&P/ASX 200 index, subject to BHP’s takeover receiving Federal Court approval.

S&P Dow Jones Indices will remove OZ Minerals from the top 200 list and replace it with Bellevue Gold before the market opens on April 19.

At market close, Bellevue Gold shares closed up 1.68 per cent to $1.51, valuing the company at more than $1.6 billion. 

The S&P/ASX 200 index comprises the 200 largest and regularly traded stocks listed on the stock market.