Industry News
Kenmare Resources Jumps 36% on Abu Dhabi Takeover Approach
Kenmare Resources shares surged 36% after confirming a non-binding cash takeover proposal from Abu Dhabi-based International Resources Holdings RSC Ltd (IRH). The London- and Dublin-listed mineral sands producer stated that discussions are ongoing, though a firm offer remains uncertain. The market move values the titanium feedstock producer at approximately £220 million.
