Afferro Mining reveals acquisition discussions with 'multiple parties'
Afferro Mining, an exploration and development company focused on iron ore in Cameroon, has said it has noted the recent movement in its share price along with the recent media speculation and has confirmed that it is 'in discussions with multiple parties which may or may not lead to a strategic investment or a proposal to acquire the outstanding shares of the company'.
Afferro Mining, an exploration and development company focused on iron ore in Cameroon, has said it has noted the recent movement in its share price along with the recent media speculation and has confirmed that it is 'in discussions with multiple parties which may or may not lead to a strategic investment or a proposal to acquire the outstanding shares of the company'.
The firm added that any such proposal would have to satisfy a number of conditions and get the necessary approval from Afferro's board of directors.
The group's share price rose rose 14.85% to 76.38p by 13:16.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published