EGU meaning in Business ?

Answer:

What is European Goldfields Limited mean?

European Goldfields Ltd. was an EU-focused, Whitehorse based Canadian precious metals company engaged in gold, silver and copper exploration, development and production. The mining rights it owned to land in Greece, Romania and Turkey gave it access to over 10 million ounces of 2P gold reserves in addition to over 80 million ounces of silver.

Frank Timiş, the 9th richest Romanian was a major shareholder in the company from 2000 to 2006 (his share ranged from 15% to 18.9%); it was from him that the company acquired 21% of its 95% interest in Hellas Gold. Ellaktor, Greece's biggest construction and civil engineering company, owned 19.36% of European Goldfields and is also the owner of all outstanding shares of Hellas Gold (5%).

In December 2011 Eldorado Gold initiated a $2.5 billion friendly takeover of European Goldfields. The deal came just after Centerra Gold attempted to buy the company and just before European Goldfields was to vote on a $750m (£479m) credit deal offered to it by Qatar Holdings, to finance the Skouries and Olympias gold projects. The acquisition was completed in February 2012.

reference

Full Form	Category
Electric Generating Utilities	Academic & Science
Electrical Generating Unit	Academic & Science
Electrical Generating Units	Academic & Science
European Gold	Business
European Goldfields Limited	Business
Ekurhuleni Golf Union	Community
European Geosciences Union	Community
English Golf Union's	Community
European Gliding Union	Community
English Golf Union	Community
Electricity Generating Unit	General
Event Generator Unit	General
Eco Gem Universe	General
Energy Generating Unit	Governmental
E Government Unit	Governmental
IRANAGALLU	Indian Railway Station
Endo Glucanase Units	Measurement Unit
Emergency Gynaecology Unit	Medical
European Geoscience Union	Regional
European Global University	Regional