Barrick Gold (ABX +0.4%) confirms speculation it's looking to sell its 74% stake in...

|About: Barrick Gold Corporation (ABX)|By:, SA News Editor

Barrick Gold (ABX +0.4%) confirms speculation it's looking to sell its 74% stake in Tanzania-focused African Barrick Gold (ABG), saying it's is in preliminary talks with China National Gold about the asset. Should the latter obtain over 30% of the voting rights in ABG, it would be required to make a full takeover offer. (PR)