China’s Heaven-Sent Capital to buy South African miner
Heaven-Sent Capital Management, a Chinese PE firm, has agreed to pay ZAR637 billion ($56 million) for South African gold producer Village Main Reef and plans to take the business private.
According to a statement, Heaven-Sent will acquire 3.04 million shares in Village at ZAR12.25 apiece, representing a 14.49% premium to the last close on February 3. It will finance the transaction from...
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