https://www.engineeringnews.co.za

La Mancha’s $200m investment in Endeavour completed

31st March 2021

By: Creamer Media Reporter

     

Font size: - +

Africa-focused miner Endeavour Mining has completed the previously announced investment by La Mancha Holding - a business owned by the Sawiris Family of Egypt.

Endeavour issued 8.91-million ordinary shares to La Mancha for aggregate net proceeds of $200-million at $22.45 a share, or C$29.36 a share.

The investment, which was announced as part of the acquisition of Teranga Gold in November last year, is being made by La Mancha under its pre-existing anti-dilution right. Upon completion of the investment, La Mancha’s future anti-dilution rights have now been extinguished.

La Mancha holds an interest of about 19% in Endeavour Mining.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.08 0.454s - 140pq - 2rq
Subscribe Now