Centamin PLC Announces Court Sanction of Scheme of Arrangement
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Centamin PLC and AngloGold Ashanti PLC have announced that the Jersey Court has sanctioned a scheme of arrangement for AngloGold Ashanti to acquire Centamin. This acquisition involves a cash and share transaction for the entire issued and to be issued share capital of Centamin.
November 20, 2024 | 12:15 pm
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Centamin PLC's acquisition by AngloGold Ashanti has been sanctioned by the Jersey Court, marking a significant step in the acquisition process.
The court sanction is a critical step in the acquisition process, indicating that the transaction is moving forward as planned. This is likely to positively impact Centamin's stock in the short term as it reduces uncertainty around the deal.
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