CAPITAL MARKETS

Petra wins over Crown

CROWN Diamonds is to be swallowed up by AIM-listed diamond explorer Petra Diamonds via a scheme of arrangement that values Crown’s shares at a 30% premium to recent trading levels.

Michael Quinn

Petra wins over Crown

Crown shareholders will receive one Petra share for each eight Crown shares, with Crown’s Johan Dippenaar and Jim Davidson to join Petra’s board – Dippenaar as CEO. The old Petra has various exploration...

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