Gold Fields has agreed to buy Canadian rival Yamana in a R103bn deal
Gold Fields has agreed to buy Canadian rival Yamana Gold in a $6.7bn all-share deal, creating a top-four global gold major and underlining the SA mining titan’s geographic diversification drive.
In a statement on Tuesday, the companies said Gold Fields will take full control of the Toronto-based miner in a share exchange at the ratio of 0.6 Gold Fields shares for every Yamana share, implying a $6.7bn value...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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