Equinox Minerals Ltd
(ASX:EQN) says it has successfully completed its $1.25 billion takeover of Citadel Resource Group Ltd
(ASX:CGG).
The copper miner launched its friendly bid in October and says it has now obtained a relevant interest of 98.8 per cent in Citadel.
Dual-listed Equinox says the merger will create a major international copper company with a pipeline of growth opportunities in Southern Africa and the Middle East.
In the 2010 financial year Equinox Minerals posted a net profit of $124.33 million.
