AngloGold in £1.9bn bid for Centamin
Evening Standard|September 10, 2024
A BLOCKBUSTER, £1.9 billion bid in the mining sector came as another blow to the London stock exchange today, setting it up to lose another big-name listing from a once-renowned sector of the market.
Michael Hunter
AngloGold in £1.9bn bid for Centamin

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.

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