Namibia

22.02.12 China Guangdong Nuclear Power makes A$2.2 billion bid for Extract Resources

Wednesday, 22 February 2012 09:04

Key words: CGNPC, Extract Resources, uranium

China Guangdong Nuclear Power Corp. launched a A$2.2 billion bid for Australian uranium developer Extract Resources February 14, after having acquired Extract’s largest shareholder, London-listed Kalahari Minerals, earlier this month.

The expected move has China Guangdong subsidiary Taurus Minerals making an unconditional all-cash offer at A$8.65/share for each Extract Resources share.

Read more: China Guangdong Nuclear Power makes A$2.2 billion bid for Extract Resources