Harmony investors stump up R3.47bn for AngloGold’s SA mines
Harmony placed shares at a small discount to buy AngloGold Ashanti's last SA mines
Harmony Gold received the R3.47bn cash injection it needed from investors to buy AngloGold Ashanti’s last operating assets and mothballed mines in SA.
With a narrow discount of just 3.5% to the trading price of the previous 30 days, Harmony placed 60.28-million shares, slightly more than one tenth of its shares in issue, to raise the cash to pay AngloGold. The placement price was R57.50 per share...