African Barrick prepares for potential offer from China Gold

FTSE 250 precious metals miner African Barrick Gold (ABG) has announced that it has formed a 'Transaction Committee' as it prepares for a potential offer from China's largest gold producer, China National Gold Group.

FTSE 250 precious metals miner African Barrick Gold (ABG) has announced that it has formed a 'Transaction Committee' as it prepares for a potential offer from China's largest gold producer, China National Gold Group.

As announced on August 16th, Barrick Gold, the US holding company of ABG, is in talks with China Gold about the possibility of selling its 73.9% stake in the London-listed miner.

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