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Regions :: Africa

Potash group Elemental Minerals agrees to Dingyi's bid

1:28 AM MDT | July 2, 2013 | Natasha Alperowicz

Elemental Minerals (Perth, Australia) and Dingyi Group Investment (Bermuda) announced today that following successful completion of a technical and financial due diligence by Dingyi, they have executed a bid implementation agreement under which Dingyi will make an off-market takeover offer for 100% of the fully paid ordinary shares of Elemental. The announcement follows a takeover offer made by Dingyi earlier this year. Dingyi will make an all cash takeover offer for Elemental at A$0.66/share, valuing Elemental at approximately A$190 million ($174.5 million)...

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