AngloGold Ashanti acquires Centamin for $2.5b

AngloGold Ashanti is acquiring Centamin for approximately $2.5 billion. The deal offers Centamin shareholders a premium of 36.7 per cent over the current share price. The acquisition is expected to enhance production and reduce costs.

Post-acquisition, AngloGold Ashanti shareholders will own about 83.6 per cent of the enlarged company, while Centamin shareholders will hold 16.4 per cent. Moreover, Centamin shareholders will also receive an interim dividend of $0.0225 per share on September 27, 2024.

The transaction will be implemented through a court-sanctioned scheme of arrangement under Jersey Companies Law, requiring shareholder and regulatory approvals.

Attribution: RECOMMENDED ACQUISITION OF CENTAMIN PLC BY ANGLOGOLD ASHANTI PLC