South African giant buying Australian company for R45 billion

BusinessTech

Gold Fields, through its subsidiary Gruyere Holdings, is acquiring Australia’s Gold Road Resources for AUD$3.7 billion. Gold Fields will acquire 100% of Gold Road’s share capital, including a 50% interest in the Gruyere gold mine. Gold Road’s Board recommends shareholders vote in favor of the scheme. Gold Fields aims to enhance its portfolio with high-quality assets.
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