DRD sells off controlling stake in Emperor

DRD Gold has completed the divestment of its 78.7% stake in Emperor Mines, satisfying one of the key conditions for Emperor's merger with Intrepid Mines.

DRD sells off controlling stake in Emperor DRD sells off controlling stake in Emperor DRD sells off controlling stake in Emperor DRD sells off controlling stake in Emperor DRD sells off controlling stake in Emperor

The institutional book-build for the sale of more than 823 million shares - organised by ABN Amro Morgans and Tricom Equities - was oversubscribed within 24 hours.