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Gold One International substantial shareholder Deutsche Bank Group bolsters shareholding

Gold One International's (ASX: GDO) substantial shareholder Deutsche Bank Group has bumped up its shareholding in the company to 8.53% from 7.5%.

Deutsche Bank Group has increased the number of shares it holds by 8,391,757 to 69,032,572.

Gold One is steadily moving towards the completion of a transaction that has potential to transform the South African focused gold producer.

A consortium of Chinese investors has received approval to proceed with a transaction to become the major shareholder and long term strategic partner of Gold One.

The deal includes a cash offer of A$0.55 per Gold One share and a minimum A$150 million capital injection into Gold One to secure a 60% to 75% stake.