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Gold miner Endeavour agrees to acquire Teranga

JOHANNESBURG, Nov 16 (Reuters) - West Africa focused gold miners Endeavour Mining and Teranga Gold have agreed a deal to create a top ten gold producer, the companies announced on Monday, a week after announcing they were in talks.

Under the deal, Endeavour will acquire all Teranga’s shares and existing shareholders will end up with 66% of the combined entity, with Teranga shareholders holding the remaining 34%.

The combined entity will seek a second listing on the London Stock Exchange, the companies said.

Reporting by Helen Reid, editing by Louise Heavens

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