Friday, 09 December 2011 05:43
Key words: CGNPC, Extract Resources, takeover, Kalahari
A CHINESE company has confirmed it will launch a $2.2 billion takeover for Extract Resources through its major shareholder, Kalahari Minerals.
Using Taurus Mineral Ltd as a subsidiary, China Guandong Nuclear Power Corp (CGNPC) and The China-Africa Development Fund said overnight it will offer 243.55 pence for each share in Kalahari.
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