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South Korea: Goldcorp and Newmont get clearance for $10bn merger

 |  February 28, 2019
Goldcorp and Newmont Mining have secured approval from the Government of Korea for their previously announced merger, a deal which is valued at $10bn.

The Government of Korea, through the Korea Fair Trade Commission, issued a letter stating that the proposed combination is not in violation of Article 7 (1) (Restriction on Business Combination) of the Monopoly Regulations and Fair Trade Act, thereby clearing the previously announced transaction to proceed.

Last month, Newmont signed a definitive agreement to acquire all of the outstanding common shares of Goldcorp.

As part of the agreement, the two gold industry leaders will merge into a new company called Newmont Goldcorp.

Full Content: Mining Technology

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