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Tuesday, 17 January 2017 07:35
Mining
Upcoming merger between Acacia Mining and Endeavour ?
Tuesday, 17 January 2017 07:35 (Ecofin Agency) - Acacia Mining announced last Friday it was in talks with Endeavour Mining regarding a probable merger. However, though the news was confirmed by Endeavour, the two firms said no agreement had been signed yet.
Given the assets of the two companies in Africa, the merger could be big news for the continent.
Indeed, Acacia Mining holds mines in Tanzania, Kenya, Burkina Faso and Mali while Endeavour has many gold mines in West Africa, knowingly in Mali, Cote d’Ivoire, Ghana and Burkina Faso.
On January 12, 2017, Acacia’s market value was $2.1 billion while Endeavour’s was $1.66 billion.
Louis-Nino Kansoun
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