Australia’s Sino Gold has agreed to be acquired by Canada’s Eldorado Gold in a C$2bn ($1.8bn) all-share deal. Paul Wright, Eldorado chief executive, said the acquisition was the culmination of a five-year drive to expand in China. Eldorado is already Sino’s largest shareholder with a stake of nearly 20%. Sino Gold has an 82% stake in Jinfeng Gold Mine in Guizhou Province, China’s second-largest gold mine.

This entry was posted by Gwen Robinson on Thursday, August 27th, 2009 at 5:00 and is filed under Capital markets, Commodities, M&A. Tagged with Eldorado Gold, Sino Gold. Edit this entry.