Gem Miner Hatches $142M Deal For Egg Designer Faberge

Law360, New York (November 21, 2012, 3:40 PM EST) -- Private equity-backed emerald miner Gemfields PLC on Wednesday inked an agreement to merge with Faberge Ltd., onetime maker of jeweled eggs for the Russian imperial family, through a stock swap that values the famed jewelry design house at $142 million.

The deal gives London-based Gemfields, which has stakes in several African gemstone projects, a retail platform to sell its mined products, according to a statement Gemfields made to the Alternative Investment Market, a submarket of the London Stock Exchange.

“[The acquisition] provides exposure to the two...
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