AngloGold Ashanti made a £1.9 billion offer for rival precious metal producer Centamin, which was backed by the Egypt-focused firm’s board.
The offer came at a premium of almost 37% to Centamin’s closing price on Monday and was priced at 163p per share. AngloGold dropped London as the primary home for its shares in 2023, moving to arch-rival New York, where valuations are generally higher, due to a deeper pool of capital.
This story is from the September 10, 2024 edition of Evening Standard.
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This story is from the September 10, 2024 edition of Evening Standard.
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