Centamin sought approval from England’s Panel on Takeovers and Mergers to extend the deadline for Endeavour to either announce the firm intention to make an offer for Centamin under Rule 2.7 of the City Code on Takeovers and Mergers, or announce that it does not intend to make an offer for Centamin by 5.00 pm GMT on 14 January 2020 (the PUSU Deadline).
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El-Molla added on Wednesday that the government had no role in the bid, yet they welcome any new investment in the gold and mineral exploration sector.
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El Molla told Reuters that his country welcomes the attraction of international companies for gold and minerals exploration
La Mancha Holding S.a.r.l., the largest shareholder in Endeavour Mining with a 29.88% stake, welcomes the proposal to combine Endeavour with Centamin plc and agrees that there could be significant benefits arising from such a combination