Congo’s George Forrest Takes Gecamines to Arbitration Over Forced Sale

Bloomberg reported that Entreprise Generale Malta Forrest say Gecamines forced the sale of a stake in CMSK.

The market news is quoted as saying:

Gecamines Chief Executive Officer Ahmed Kalej said its joint-venture agreement gave it the right of first refusal, which it used when EGMF attempted to sell the stake. The sale was “legal and binding,” he said in a phone interview from Lubumbashi today.

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