Severstal mulling share acquisition in uranium co Berkeley Resources

摘要

Russia's Severstal is thinking of buying shares in Berkeley Resources, which holds the rights to the Salamanca uranium deposit in Spain, Berkeley Resources said in a statement. "Severstal has indicated to Berkeley Resources that, subject to Severstal completing and being satisfied with the results of financial, technical and legal due diligence and the entry into an implementation agreement which is on terms satisfactory to the Company and Severstal, it would consider making a conditional all cash proposal for all of the outstanding shares of Berkeley (the relevant conditions to the proposal would be specified by Severstal in an announcement to the market if it resolves to proceed with such a proposal)," the statement says.