Ibrahim Mahama enters the fray for Cardinal Resources takeover in Ghana
The company belonging to the brother of former Ghanaian President John Mahama (2012-2017) has submitted an offer to the West African-focused gold producer coveted by Nordgold and Shandong Gold Mining.
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▪ Ibrahim Mahama enters the fray for Cardinal Resources takeover in Ghana
▪ The company belonging to the brother of former Ghanaian President John Mahama (2012-2017) has submitted an offer to the West African-focused gold producer coveted by Nordgold and Shandong Gold Mining.
▪ https://www.africabusinessplus.com/en/806186/ibrahim-mahama-enters-the-fray-for-cardinal-resources-takeover-in-ghana/
The bid is a new twist in the ongoing fight for the takeover of the Australian Cardinal Resources. On 24 November, the ASX and TSX listed company reported an unsolicited, off-market offer from Ghana’s Engineers & Planners Company Limited (EP) to buy Cardinal at AUS$1.05 per share. The offer is subject to the approval of 50.1% of the shareholders, as well as the Australian Investment Review Board and the Ghanaian government.
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