Allied Gold's $4 billion sale to China's Zijin collapses, secures $295 million investment
29/07/2026 12:42
Allied Gold's $4 billion sale to China's Zijin collapses, secures $295 million investment July 29 (Reuters) - Allied Gold AAUC.TO said on Wednesday its planned C$5.5 billion ($3.90 billion) sale to China's Zijin Gold 2259.HK had been terminated after the companies concluded they were unlikely to satisfy closing conditions by the agreed deadline, with Zijin instead agreeing to invest about $295 million for a 9.2% stake.
($1 = 1.4098 Canadian dollars)
(Reporting by Arunima Kumar in Bengaluru; Editing by Vijay Kishore)
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