M&As this week: Eldorado Gold, Stalprodukt
Canada-based Eldorado Gold has acquired Integra Gold for C$590m ($457m), which includes approximately C$129m ($100m) in cash and 77 million common shares.
The acquisition was concluded followed by the approval of Integra’s shareholders and the Supreme Court of British Columbia.
Integra Gold will operate as a wholly owned subsidiary of Eldorado, with the former’s shareholders owning 10% in the combined company.
Stalprodukt has offered to purchase 100% shares of GO Steel Frydek Mistek, formerly known as ArcelorMittal Frydek Mistek.
Stalprodukt is a Polish company engaged in the manufacture and export of steel products, while GO Steel Frydek Mistek is a manufacturer of grain-oriented electrical sheets and cold-rolled sheets in the Czech Republic.