Kalahari Minerals is in talks with a Chinese state-owned nuclear power group interested in acquiring a stake in one of the world’s largest uranium projects.
The Aim-quoted resources company said it was “in discussions” with China Guangdong Nuclear Power Corporation, a state-owned company, over a possible 290p-a-share cash offer that would value Kalahari at £756m.
The offer would represent an 11 per cent premium to Kalahari’s closing price of 260.2p on March 4, the day before China Guangdong’s unofficial offer.
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