https://www.engineeringnews.co.za

Agarwal given more time to make firm offer for Vedanta Resources

30th July 2018

By: Reuters

  

Font size: - +

LONDON – Billionaire Anil Agarwal has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for £778-million, the London-listed miner said on Monday.

Agarwal's vehicle Volcan Investments had faced a deadline of 17:00 London time to declare its intentions towards Vedanta but British regulator the Takeover Panel has granted an extension to August 6 to facilitate financing talks between Volcan and its lenders over its all-cash bid, the miner said.

It comes after Volcan said on July 2 that it planned to offer minority shareholders 825p a share to acquire the 33.5% of Vedanta that it does not already own and delist the group.

To watch Creamer Media's latest video reports, click here
 

Edited by Reuters

Comments

Latest News

Kenhardt solar farm, in Northern Cape
Scatec inaugurates 540 MW Kenhardt solar farm
18th April 2024 By: Marleny Arnoldi

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:3.183 3.256s - 156pq - 2rq
Subscribe Now