M&A

Colluli yields some cash for shareholders as Danakali exits

THIRTEEN years after arriving on the ground in Eritrea at the Colluli potash project, Danakali is set to exit with about US$121 million in its back pocket.

 End of the road for Danakali in Eritrea

End of the road for Danakali in Eritrea

Shareholders are slated to get about $110 million of that distributed back to them, with the balance retained by the company as it looks for new opportunities. At the current exchange rate, that distribution...

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