AngloGold notes ‘enormous geological potential’ in Egypt as it moves to acquire Centamin
The boards of gold producers AngloGold Ashanti and Centamin have agreed to a transaction for AngloGold to acquire all shares in Centamin in exchange for 0.06983 of a new AngloGold share and $0.125 in cash for each Centamin share. The offer implies that Centamin’s share capital is valued at about £1.9-billion, or $2.5-billion.