# Itafos to merge with GB Minerals in share deal

Itafos and GB Minerals Ltd. entered into a definitive arrangement agreement for Itafos to acquire all outstanding common shares of GB Minerals, which owns the Farim phosphate project in Guinea-Bissau. Shareholders can elect to receive Itafos shares or a combination of cash and shares.

- Type: Acquisition
- Announced: 2017-12-28
- Where: Farim, Guinea-Bissau, Guinea-Bissau
- Status: announced
- Products: phosphate
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Itafos](https://endata.com/companies/29052.md) (acquirer)
- [GB Minerals Ltd.](https://endata.com/companies/29053.md) (target)

## Sources

- [itafos.com](https://itafos.com/news/2017/itafos-and-gb-minerals-announce-merger/), 2017-12-28: "Itafos and GB Minerals Ltd. are pleased to announce that they have entered into a definitive arrangement agreement pursuant to which Itafos will acquire all of the issued and outstanding common shares of GB Minerals."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/itafos-and-gb-minerals-announce-merger-666950253.html), 2017-12-28: "Itafos, the second largest investor in GB Minerals since January 2014, to merge with GB Minerals, which owns the Farim phosphate project in Guinea-Bissau."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.