Patrice Motsepe (Harmony Gold) in good company to acquire AngloGold’s remaining South African assets
The group headed by the South African businessman is immediately investing $200 million in cash and $100 million in deferred payments to become the leading gold producer in South Africa with support from UBS, JP Morgan and reputable law firms.
14/02/2020 at 16h50, by Pierre-Olivier Rouaud
As soon as the authorities approve the transaction, South African group Harmony Gold will take control of AngloGold Ashanti Ltd’s remaining gold operations in the rainbow nation. Headed by businessman Patrice Motsepe who holds a 13.8% stake in the company via his group African Rainbow Minerals, Harmony Gold will invest $200 million in cash in AngloGold in addition to profit sharing on the future production estimated at around $100 million.
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