{"id":462568,"date":"2018-10-08T12:34:43","date_gmt":"2018-10-08T11:34:43","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=462568"},"modified":"2018-10-08T12:34:43","modified_gmt":"2018-10-08T11:34:43","slug":"the-state-reminds-barrick-and-randgold-of-their-obligations-regarding-the-announced-merger","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/10\/08\/the-state-reminds-barrick-and-randgold-of-their-obligations-regarding-the-announced-merger\/","title":{"rendered":"The State reminds Barrick and Randgold of their obligations regarding the announced merger"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>In a press release dated September 24, 2018, Barrick Gold Corporation and Randgold Resources Limited announced to the stock market the merger of their respective companies.<\/p>\n<p>Article 276 bis paragraph 2 of the Mining Code, as amended and completed to date, states &#8220;Any change in the shareholding of a company incorporated under Congolese law or under foreign law, having control of an associated subsidiary or shareholder in a company holding a business license and resulting in the acquisition of control of the controlled subsidiary company, is also subject to the prior approval of the State. The operation announced by Barrick and Randgolg, whose realization will result in the takeover of the controlled subsidiary, in this case the company Kibali GoldMines, must obtain the prior approval of the Congolese state.<\/p>\n<p>Otherwise, it will not produce effects in the Democratic Republic of Congo.<br \/>\nThe State therefore remits this obligation to the parties to the proposed transaction.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>In a press release dated September 24, 2018, Barrick Gold Corporation and Randgold Resources Limited announced to the stock market the merger of their respective companies. Article 276 bis paragraph 2 of the Mining Code, as amended and completed to date, states &#8220;Any change in the shareholding of a company incorporated under Congolese law or<\/p>\n","protected":false},"author":527180,"featured_media":462572,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12046,12065],"tags":[15460,3465],"class_list":{"0":"post-462568","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-leaders-en","8":"category-press-releases","9":"tag-barrick","10":"tag-randgold","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The State reminds Barrick and Randgold of their obligations regarding the announced merger - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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