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Mid-tier Australian gold producer Gold Road Resources has entered an agreement with Gruyere Holdings, a wholly owned subsidiary of Gold Fields, to divest 100% of the issued and outstanding share capital for A$3.7bn ($2.4bn).
The total cash consideration amounts to A$3.40 per share, suggesting an enterprise value for Gold Road of approximately A$2.6bn.
The deal will strengthen Gold Fields' 50% stake in the jointly operated Gruyere mine located in Western Australia.
The offer includes a fixed c...
>>> Read more: Gold Fields to acquire Gold Road in $2.4bn deal
The total cash consideration amounts to A$3.40 per share, suggesting an enterprise value for Gold Road of approximately A$2.6bn.
The deal will strengthen Gold Fields' 50% stake in the jointly operated Gruyere mine located in Western Australia.
The offer includes a fixed c...
>>> Read more: Gold Fields to acquire Gold Road in $2.4bn deal
