Endeavour bid for Centamin will boost mining interest in Egypt - minister
Share:
CAIRO (Reuters) - Egypt said on Wednesday it welcomed Endeavour Mining's bid to takeover Centamin Plc , saying it would encourage foreign investment in the country's mining industry.Centamin rebuffed the 1.47 billion pound ($1.9 billion) all-stock takeover proposal on Tuesday, saying it did not offer enough value to Centamin shareholders. Centamin's assets include Egypt's Sukari mine and Cleopatra project, as well as exploration projects in West Africa.Egyptian Petroleum Minister Tarek El..