AngloGold Ashanti acquires Centamin in a $2.5bn all-share deal, adding the Sukari gold mine in Egypt.

AngloGold Ashanti has announced a $2.5 billion all-share deal to acquire Centamin, focusing on the Sukari gold mine in Egypt, a significant gold asset. The transaction offers Centamin shareholders 0.06983 new shares and $0.125 in cash per share, valuing each at 163 pence, a 36.7% premium. Upon completion, AngloGold will control 83.6% of the combined company. The deal aims to enhance AngloGold’s production and financial performance amid rising gold prices.

September 10, 2024
38 Articles