1. Rajesh Exports buys world’s largest gold refining firm Valcambi for $400 mn in cash

Rajesh Exports buys world’s largest gold refining firm Valcambi for $400 mn in cash

Jewellery company Rajesh Exports Ltd said that it has bought Valcambi, the world's largest gold refining company, in an all-cash deal worth $400 million.

By: | Mumbai | Published: July 27, 2015 10:54 AM
 Rajesh Exports was selected after a global search by Valcambi's existing owners led by Newmont Mining Corp. (Photo: www.rajeshindia.com)

Rajesh Exports was selected after a global search by Valcambi’s existing owners led by Newmont Mining Corp. (Photo: www.rajeshindia.com)

Jewellery company Rajesh Exports Ltd on Monday said that it has bought Valcambi, the world’s largest gold refining company, in an all-cash deal worth $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.

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