Egypt: Anglogold Gets Egypt’s Sukari Mine in $2.5B Centamin Acquisition

AngloGold Ashanti has agreed to acquire Centamin Plc in a deal valued at £1.9 billion ($2.5 billion), as gold prices surge, prompting miners to expand. The acquisition gives AngloGold control of Egypt’s Sukari mine, one of the world’s top gold deposits, despite historical operational and political issues following Egypt’s 2011 uprising.

The cash and share offer includes a 37% premium to Centamin’s closing price on September 9. AngloGold’s shares dropped by as much as 9.8% in Johannesburg, marking…