Centamin (GB:CEY) has released an update.
Centamin PLC has announced that its acquisition by AngloGold Ashanti PLC, initially agreed upon on 10 September 2024, has received approval from the Egyptian Competition Authority, satisfying a major condition of the transaction. The completion of the deal, to be conducted via a court-sanctioned scheme of arrangement, is still subject to other conditions and the sanction of the Jersey Court. The acquisition timeline remains as previously detailed by Centamin.
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