DMCI in bid to take over British mining company:
MANILA, Philippines—DMCI Holdings is leading a consortium that plans to take over UK-listed nickel production company ENK Plc, which is developing the Acoje mining project in Zambales, in a deal that values the British company at £49.8 million.
DMCI disclosed to the Philippine Stock Exchange that it would spend up to £31 million for this bid, representing about 62 percent of the valuation for the total company. The remainder will be taken up by its partner, the UK-based D&A Income Ltd.
The DMCI-D&A consortium has received commitment from key shareholders to sell shares equivalent to 45.5 percent of ENK. The consortium has made an offer to acquire...
Keep on reading: DMCI in bid to take over British mining company
DMCI disclosed to the Philippine Stock Exchange that it would spend up to £31 million for this bid, representing about 62 percent of the valuation for the total company. The remainder will be taken up by its partner, the UK-based D&A Income Ltd.
The DMCI-D&A consortium has received commitment from key shareholders to sell shares equivalent to 45.5 percent of ENK. The consortium has made an offer to acquire...
Keep on reading: DMCI in bid to take over British mining company
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