AngloGold Ashanti Acquires Centamin in $2.5 Billion Deal
The acquisition strengthens AngloGold's position with the addition of Egypt's largest gold mine, Sukari, and expands its global footprint.
- The $2.5 billion deal includes a cash and share offer at a 37% premium to Centamin's closing price.
- Centamin's board has unanimously backed the offer, expected to be accretive to AngloGold's cash flow per share.
- AngloGold will now control the Sukari mine in Egypt, adding 450,000 ounces to its annual gold production.
- This move continues the trend of consolidation in the gold mining sector, with AngloGold diversifying its asset base.
- Upon completion, AngloGold shareholders will own 83.6% of the combined company, with Centamin shareholders holding 16.4%.
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