China Guangdong Nuclear Power has reopened takeover talks with Kalahari Minerals that could lead to a deal valuing the Aim-quoted miner at more than £650m ($1bn).
A deal had been agreed with the state-controlled Chinese company to acquire the Namibian uranium mining interests of Kalahari in March at 290p a share. But the Japan tsunami and Fukushima nuclear plant disaster prompted both sides to agree a reduced price of 270p as valuations of uranium miners fell.
They were then stymied by the refusal in May of the UK’s Takeover Panel to countenance a reduction in the initial approach value of £711m, prompting the Chinese suitor to abandon its approach temporarily.
您已阅读54%（667字），剩余46%（571字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。