Endeavour Mining not ruling out a hostile bid for Egypt’s Centamin in early 2020
Billionaire businessman Naguib Sawiris owns 30% of Endeavour through his La Mancha Holding Sarl.
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▪ Endeavour Mining not ruling out a hostile bid for Egypt’s Centamin in early 2020
▪ Billionaire businessman Naguib Sawiris owns 30% of Endeavour through his La Mancha Holding Sarl.
▪ https://www.africabusinessplus.com/en/801468/une-opa-hostile-dendeavour-mining-sur-legyptien-centamin-pas-exclue-debut-2020/
Endeavour has been seeking to engage with Centamin since 2017 with a view towards a merger. But in recent weeks, after several unsuccessful attempts to establish dialogue with Joseph El-Raghy, a former executive at CIBC Wood Gundy, and current Chairman of Centamin, Endeavour has decided to adopt new tactics.
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