Grupo EBX To Pay $1.5B For Ventana

Grupo EBX has acquired Canadian gold-mining company, Ventana Gold.

Grupo EBX has acquired Canadian gold-mining company, Ventana Gold, The Wall Street Journal reports. The Eike Batista controlled investment company took control of Ventana through its international unit, AUX Canada Acquisition. EBX, which owned 20% of Ventana before the deal, will now hold a 91.3% stake in the Vancouver-based company. In connection to the deal, the directors of Ventana have been replaced by Batista, Luiz Correia, Leonardo Moretzsohn, Pedro Garcia, Peter Nathanial, John Brooks and Mark Bennett, adds Canada Newswire.

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