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2011-12-09 CGNPC eyes Extract Resources in $2.2b takeover

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Friday, 09 December 2011 13:43

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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