Gold Fields could dump Norilsk

DESPERATION has taken over from deliberation as South Africa’s Gold Fields thrashes around looking for a way to defend itself against Harmony Gold’s takeover overtures, with the latest proposal being a massive share buy back to get Norilsk Nickel off the Gold Fields share register, a move which could include the sale of all non-South African gold operations.

Gold Fields could dump Norilsk Gold Fields could dump Norilsk Gold Fields could dump Norilsk Gold Fields could dump Norilsk Gold Fields could dump Norilsk

Reports of the possible radical defence moves first surfaced on a website called www.mergermarket.com and were then picked up by the London media over the weekend.

loader