AngloGold pursues Egypt’s largest gold mine
The R45bn offer for lion’s share of Centamin comes as the gold price soars
10 September 2024 - 09:58
UPDATED 10 September 2024 - 23:12
AngloGold Ashanti has put $2.5bn (R44.8bn) on the table for the takeover of Centamin, owner of Egypt’s largest gold mine, in one of the biggest mining deals of the year as mergers and acquisition (M&A) activity in the industry heats up.
The transaction will involve a stock and cash deal whereby Centamin shareholders will receive 0.06983 AngloGold shares and $0.125 in cash for each Centamin share they hold...
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