Centamin Egypt plans new parent company in Jersey

Egyptian gold producer Centamin has said it plans to set up a new parent company, to be headquartered in Jersey, as the firm seeks to attract further international investor interest, Reuters has reported. "The proposed redomicile will move the Centamin Group closer to the majority of its shareholders and will complete the group's corporate transition from a small Australian-based explorer to an established and growing gold producer," chairman Josef El-Raghy said.