AngloGold Ashanti completes its acquisition of Centamin

Centamin holders received 0.06983 new AngloGold shares and $0.125 in cash per share, a deal that valued Centamin at about $2.5bn. They own 16.4% of the enlarged group. The prize is the Sukari gold mine in Egypt.

Why it matters. A UK scheme of arrangement needs a shareholder vote and a court sanction before it becomes effective.

Source

Mining Weekly

In the course

Module 9: The M&A process