Anglo Asian Mining (AAM), a gold, copper and silver mining company in Azerbaijan, may be sold to British ACG Metals Limited, the mining company told APA-Economics.
It was noted that ACG Metals Limited announced on November 26 that it was exploring the possibility of acquiring all of AAM's existing and future ordinary share capital. However, no formal offer has been sent to AAM regarding a possible deal.
According to official procedures, ACG must either submit a formal offer by December 24, 2025, or indicate that it does not intend to acquire. This period can only be extended with the consent of the UK Mergers and Acquisitions Control Panel.
It was with this in mind, namely, due to the widespread speculation about a possible acquisition and unusual movements in the share price, that Anglo Asian requested the AIM platform of the London Stock Exchange to suspend trading in its ordinary shares on November 26.
Trading is expected to resume on November 27 after the official announcement.
AAM advised shareholders not to take any action at this stage.
Note that ACG Metals Limited is a company registered in the British Virgin Islands. Its main activity is focused on the extraction and processing of metals such as gold, copper and silver. The company participates in regional projects, including mining projects in Türkiye.
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