First Quantum Completes Inmet Takeover
Vancouver's First Quantum Minerals Ltd. has completed its estimated C$5.1 billion acquisition of Toronto-based Inmet Mining Corp., which owns and operates a major copper mine in Panama, among other assets. As of April 1st, First Quantum held 92.7% of the company's outstanding common shares. One of Inmet's major shareholders has been Ellington Investments, an investment division of Sinapore's Temasek Holdings, which acquired a C$500 million stake in the company in 2011.
2 April 2013•7 mins read
