Martin Endjala First National Bank of Namibia has opened up investment avenues for Namibians to participate in the global investment economy by acquiring listed instruments in international companies like Amazon, Apple, Hathaway, and Microsoft for as little as N$10. The listed financial instruments are any assets that hold capital and can be traded, and this...
December 25, 2024
Tag: acquire
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China’s Yintai Gold to acquire Osino in N$7bn cash deal
Chinese company Yintai Gold Co Ltd is set to acquire Osino Resources Corp. in a N$7 billion cash deal. Yintai, which trades on the Shenzhen Stock Exchange, has a market cap of N$108 billion (US$5.6 billion). As part of the deal, Yintai Gold has offered an immediate cash infusion for Osino of N$193 million (US$10...
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Uranium One drops court application to acquire exploration drilling license
Business Reporter ROSATOM, Russia’s atomic energy agency, which aims to mine Uranium in the Stampriet aquifer area, through its subsidiary- Headspring Investments, has conceded and abandoned a court application filed in March 2023. The application sought to have the agriculture minister review his decision to deny them exploration drilling permits. This decision comes in the...
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Dundee Precious Metals to acquire Osino Resources in N$4 billion deal
Dundee Precious Metals to acquire Osino Resources in N$4 billion deal Dundee Precious Metals Inc. (DPM) has announced its entry into a definitive agreement to acquire Osino Resources Corp., a gold exploration company developing the Twin Hills project in Namibia. Under the agreement, Dundee’s consideration comprises C$0.775 in cash per Osino share and 0.0801 of...
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BASF Environmental Catalyst and Metal Solutions (ECMS) signs agreement to acquire Arc Metal AB in Sweden
Acquisition adds smelting capability to serve spent automotive catalyst customers in Europe, Middle East and Africa Complements ECMS recycling operations and global precious metal services Broadens range of materials that can be processed by ECMS Closing of transaction expected in early first quarter 2024 ISELIN, N.J., Dec. 11, 2023 (GLOBE NEWSWIRE) — BASF Environmental Catalyst...
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NBL used FNB bridging finance to acquire Distell – Windhoek Observer
Chamwe Kaira Namibia Breweries Limited secured bridge financing to acquire the shareholding as part of its acquisition of Distell under the Bridge Facility Agreement worth N$850 million, the company said in the annual report for the financial year that ended 30 June. “The group does not intend to utilise any portion of the N$850 million...
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Finbond poised to acquire 49% of Trustco Finance for N$60 million – Business Express
Finbond Group Limited will acquire 49% ownership in Trustco Finance (Pty) Ltd in a deal in which the purchase consideration payable by Finbond will be N$60 million. This is as a result of Trustco having undertaken a strategic decision to divest a portion of its investment in its banking and finance portfolio. Trustco Finance provides...