AngloGold Ashanti acquires Egypt-focused gold mining firm Centamin

Company

AngloGold Ashanti

Law Firm / Organization
Slaughter and May

Company

Centamin

Law Firm / Organization
Hogan Lovells

AngloGold Ashanti, a leading global gold mining company, has successfully acquired Centamin plc, an Egypt-focused gold miner, in a transaction valued at approximately $3.3 billion (£1.9 billion).

The acquisition adds the Sukari Gold Mine, Egypt's largest and first modern gold mine, to AngloGold's portfolio. This addition is expected to increase AngloGold's annual production to over 3 million ounces, positioning it as the fourth-largest gold producer globally.

Slaughter and May advised AngloGold Ashanti and Hogan Lovells represented Centamin.

Merger & Acquisition
Mining
$ 3,327,998,200
Closed
22 November 2024