15 Jul 2012
(MENAFN) Weather II Investments, owned by Egyptian billionaire Naguib Sawiris, confirmed the buyout of a stake in Canada’s gold miner La Mancha Resources, Arabian Business reported.
Montreal-based La Mancha Resources has gold mines in Africa and Australia.
The company has bought the stake from French nuclear reactor maker Areva in a USD493 million deal.
Weather II has agreed to buy La Mancha at a price of USD3.45 per share in cash, a premium of 55.6 percent to the closing price on July 12 and 43.1 percent to the 20-day volume weighted average price.
Areva said that the deal will help cut its debt and finance the group’s strategic and safety investment programme.
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more