Slaughter and May is advising AngloGold Ashanti plc (“AngloGold Ashanti”) on its recommended acquisition of Centamin plc (“Centamin”), which values Centamin at approximately £1.9 billion. The transaction is to be effected by means of a court-sanctioned scheme of arrangement under Jersey law and is expected to become effective during Q4 2024.
AngloGold Ashanti is a global gold mining company with a diverse, high-quality portfolio of operations, projects and exploration activities in nine countries across four continents. Headquartered in Denver, Colorado, AngloGold Ashanti has a primary listing on the New York Stock Exchange and secondary listings on the Johannesburg Stock Exchange, A2X and Ghana Stock Exchange.
Centamin is an established gold producer, with listings on the London Stock Exchange and Toronto Stock Exchange. Centamin’s flagship Tier 1 asset is Sukari, Egypt’s largest and first modern gold mine, as well as one of the world’s largest producing gold mines. Since production began in 2009 Sukari has produced over 5.9 million ounces of gold.
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