Charm offensive: Gold Fields ups dividend to woo shareholders sceptical of Yamana deal | Fin24

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A planned acquisition will transform Gold Fields into one of the world's largest gold miners, but it first needs to get shareholders on board.

Gold Fields, a major gold miner listed on the JSE, will revise its dividend policy and seek a listing on the Toronto Stock Exchange in hopes of comforting shareholders worried about the acquisition of Yamana Gold.

Canadian-headquartered Yamana owns and operates gold, silver and copper mines in Canada, Chile, Brazil and Argentina. In late May, Gold Fields announced plans to take over the gold and silver mining company in a deal valued at over R100 billion. The deal will transform Gold Fields into the fourth-largest gold miner in the world, but the company’s shareholders have expressed concern over the high price tag and the dilution of shares.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.

 

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