China Guangdong Nuclear Power makes A$2.2 billion bid for Extract Resources

China Guangdong Nuclear Power makes A$2.2 billion bid for Extract Resources

by I-Nuclear

China Guangdong Nuclear Power Corp. launched a A$2.2 billion bid for Australian uranium developer Extract Resources February 14, after having acquired Extract’s largest shareholder, London-listed Kalahari Minerals, earlier this month.

The expected move has China Guangdong subsidiary Taurus Minerals making an unconditional all-cash offer at A$8.65/share for each Extract Resources share.