Desmond is key player in blank cheque mining firm’s potential €414m outlay | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 71%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Dermot Desmond has emerged as a key player behind a New York-listed blank cheque company looking to spend $414 million on African gold mining companies as a hedge against what it regards as central bank-driven inflation.

Dermot Desmond: the businessman is the sponsor of African Gold Acquisition Corporation, effectively advising it on raising its funds through the stock market. Picture: Getty

The company, African Gold Acquisition Corporation, last year set out to raise $360 million from a public listing in New York, but the appetite for the investment meant it was oversubscribed, leaving it with a $414 million war chest.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 8. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Almost two-thirds have ‘little to no’ disposal income due to price hikes | Business PostAlmost two-thirds of people have “little to no” disposable income due to the cost of living crisis, the latest Business Post/Red C poll reveals. Two thirds of people asked have admitted that they are working to survive and not working to live. 50% said they are surviving off savings but what happens when the savings run out? This government is so far out of touch it’s going to cost lives.
Bron: businessposthq - 🏆 8. / 71 Lees verder »

Central Bank finds Philip Lynch engaged in insider trading at C&C | Business PostThe Central Bank has found that Philip Lynch, the former chief executive of IAWS and One51, engaged in insider trading in shares of C&C, the publicly listed drinks company.
Bron: businessposthq - 🏆 8. / 71 Lees verder »