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Rajesh Exports Ltd said it bought Valcambi, the world's largest gold refining company, in an all-cash deal worth $400 million.
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Valcambi, Rajesh Exports Ltd
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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.
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The deal will help it secure raw material supplies and will add to earnings per share, the company said.
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Valcambi, Rajesh Exports Ltd
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Rajesh Exports said in a statement it sealed the purchase after a global sales process conducted by Valcambi's existing owners led by Newmont Mining Corp.
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Valcambi, Rajesh Exports
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Mesaric said in the statement that Valcambi would look to use Rajesh's technical expertise to produce innovative gold products in the European markets.
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Valcambi, Rajesh Exports Ltd
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