China Eyes Australian Gold Reserves with Zijin Mining Group’s Plan to Acquire Norton Gold Fields for $238.8m - Deal Analysis from GlobalData
Zijin Mining Group Co. Ltd, a metal resource exploration and development company, plans to acquire a majority interest in Norton Gold Fields Limited, a gold exploration company, for approximately AUD229.4m ($238.8m). Zijin Mining Group currently holds a 16.98% share in Norton Gold Fields.
The report provides a brief of the planned acquisition of a majority interest in Norton Gold Fields Ltd.
It describes the deal in brief, Acquirer and acquiree overview wth expected benefits to accrue from the offer, Deal rationale and Deal valuation and other details.
Reasons to buy
Obtain an understanding of the majority acquisition plan, the deal and the payoff, expected benefits, brief overview and other details of both the companies and the deal rationale.