Gold miners Centamin and AngloGold Ashanti have reported that the Jersey Court has sanctioned the scheme of arrangement between the two parties that will result in AngloGold acquiring all of Centamin's share capital.
The companies in September announced the cash and shares deal, valuing Centamin's share capital at about £1.9-billion, or $2.5-billion.
The scheme remains conditional on, and will become effective upon, the delivery of a copy of the court order to the registrar of companies for registration, which is expected to occur on November 22.
The last day of dealings in Centamin's shares on the LSE will be November 21, and on the TSX November 20.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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