BlackRock acquires 15% stake in Centamin

Cairo – Mubasher: The world’s largest asset manager BlackRock has acquired a 15% stake in gold miner Centamin, according to a statement on Wednesday.

The acquisition deal involves 80 entities affiliated to BlackRock, including its units in Canada, Australia, Japan, Hong Kong, Singapore, and the Netherlands.

In August, the London-listed gold miner revealed that profit share payments to Egypt stood at $39.4 million during the first half of 2019.

Mubasher Contribution Time: 11-Sep-2019 08:15 (GMT)
Mubasher Last Update Time: 11-Sep-2019 08:15 (GMT)