Qatar-Backed QKR Said Close to $1 Billion Bid for Nevsun - Bloomberg:
"QKR Corp., a mining fund headed by former JPMorgan Chase & Co. banker Lloyd Pengilly, is close to making a bid of about $1 billion for Canada’s Nevsun Resources Ltd. (NSU), according to people with knowledge of the situation.
Negotiations are ongoing between QKR and Vancouver-based Nevsun, which owns 60 percent of the Bisha gold, copper and zinc mine in Eritrea in East Africa. There’s no guarantee an agreement will be reached, said the people, who asked not to be identified because the talks are private.
“Nevsun has recently received from various parties expressions of interest on a potential corporate transaction,” the company said in a statement today. “Any discussions are at a preliminary stage and there is no certainty that any transaction will be completed. Management is not aware of a bid for the company.”"
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