ACCRA, May 28 (Reuters) - South Africa's AngloGold Ltd , which is in talks to buy Ghana-based Ashanti Goldfields , is prepared to let Ghana's government retain its golden share in Ashanti, sources close to the deal said.
However, under AngloGold's proposal, the government would only be able to invoke its golden share for transactions involving the combined company's Ghanaian assets, one of the sources told Reuters in Ghana late on Tuesday.
Ghana's government has a 17 percent stake in Ashanti, including a golden share allowing it to veto the takeover by AngloGold -- which, if successful, could create the world's biggest gold producer.
ACCRA, May 28 (Reuters) - South Africa's AngloGold Ltd , which is in talks to buy Ghana-based Ashanti Goldfields , is prepared to let Ghana's government retain its golden share in Ashanti, sources close to the deal said.
However, under AngloGold's proposal, the government would only be able to invoke its golden share for transactions involving the combined company's Ghanaian assets, one of the sources told Reuters in Ghana late on Tuesday.
Ghana's government has a 17 percent stake in Ashanti, including a golden share allowing it to veto the takeover by AngloGold -- which, if successful, could create the world's biggest gold producer.
