SolGold said on Friday it was "minded to recommend" an improved offer from its top shareholder, Jiangxi Copper that values the gold and copper miner at about 842 million pounds ($1.13 billion), amid a global race for copper assets, reports Reuters.
Jiangxi Copper's increased offer of 28 pence per share marks the Chinese company's third proposal to acquire SolGold and a 7.7 per cent increase from its previous 26-pence-per-share bid that was rejected last month.
Ecuador-focused SolGold said its board would tell shareholders to accept if Jiangxi Copper (JCC) makes a firm offer on those terms.
China's Jiangxi Copper sweetens bid for UK-listed SolGold to $1.13 billion
FE Team | Published: December 15, 2025 00:25:21
China's Jiangxi Copper sweetens bid for UK-listed SolGold to $1.13 billion
Share if you like