Ellaktor to Sell 7.1% Stake in European Goldfieds to Qatar
Stock Chart for Ellaktor SA (ELLAKTOR)
Athens-based Ellaktor sold the stake for C$130 million ($125 million) and will retain a 12.2 percent holding in the company, the statement said.
The Qatari company has an option to buy a further 9.4 million shares in European Goldfields at C$13 a share and will also provide a $600 million financing facility for development of a gold mine in northern Greece, the statement said.
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