Dragon Group to acquire CGA in $500m deal
The move is part of the electronics company’s plan to diversify its business portfolio.
Fund manager Dragon Group bought mining firm Coeur Gold Armenia (CGA) for $500m.
According to an announcement, Dragon Group wants to cater to growing demand from Indian and Chinese markets by developing gold-based technological components such as chipsets in mobile phones.
CGA is a firm from Africa which focuses on business of gold, silver and copper mining.