Eldorado Gold (EGO) announced yesterday it will acquire European Goldfields (EGFDF.PK) for ~C$2.5B. The deal enhances Eldorado's project pipeline and creates a "premier high growth, low cost intermediate gold producer" with a market cap of C$11B. (previously)
|Dec. 19, 2011, 2:00 AM|1 Comment
Dec. 6, 2011, 3:21 PM
European Goldfields (EGFDF.PK +21%), a developer of mines in Greece, skies after a report of it being approached by Eldorado Gold (EGO) about a takeover. The move could throw into question plans by Qatar Holding, LLC to buy a stake in Goldfields.