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    HomeNewsBusinessCompaniesRajesh Exports buys Valcambi for $400 mn in cash

    Rajesh Exports buys Valcambi for $400 mn in cash

    The company was selected after a global search by Valcambi's existing owners led by Newmont Mining Corp, the world's largest gold jewellery maker said.

    July 27, 2015 / 10:33 IST
       
       
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      Rajesh Exports Ltd said on Monday it bought Valcambi, the world's largest gold refining company, in an all-cash deal worth USD 400 million.


      The company was selected after a global search by Valcambi's existing owners led by Newmont Mining Corp, the world's largest gold jewellery maker said.

      The deal will help it secure raw material supplies and will add to earnings per share, the company said.

      India is the world's biggest consumer of gold, with annual demand hovering around 900 tonnes per year.

      first published: Jul 27, 2015 10:33 am

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