Acquisitions9 Jun 2026, 09:30 pm
Deccan Gold Mines Acquires 51% Stake in Spain's Logrosan Minera
AI Summary
Deccan Gold Mines Limited has entered into a definitive agreement to acquire a 51% stake in Logrosan Minera S.L. Spain for €1.76 million in cash. Logrosan holds exploration licenses for tungsten, tin, REE, and gold in Spain. The acquisition aims for collaboration in mineral exploration and potential mining development. Completion is expected by March 2027, with an option to increase the stake to 75%. The transaction is not a related party transaction and requires regulatory approvals.
Key Highlights
- Acquisition of 51% stake in Spain's Logrosan Minera for €1.76 million.
- Logrosan holds exploration licenses for tungsten, tin, REE, and gold.
- Potential to increase stake to 75% by March 2027.
- Transaction aims for mineral exploration and mining development in Spain.
- Requires regulatory approvals in multiple jurisdictions.
Price Impact
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