Arab Finance: Centamin Plc and NYSE-listed miner AngloGold Ashanti have approved the terms of a recommended acquisition of Centamin, as per a disclosure.
The transaction will be implemented on November 22nd, pending the sanction of the scheme by the Jersey Court at the Scheme Court Hearing, which is expected to take place on November 20th.
On October 14th, the Egyptian Competition Authority (ECA) greenlit AngloGold Ashanti’s $2.5 billion offer to acquire Centamin.