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RR1:AU
Rights Issue and Shortfall
Bloomberg reported that Glencore (LSE:GLEN) sold a stake of Shanduka Coal to the Shanduka Group for $85 million.
Bloomberg reported that Glencore (LSE:GLEN) sold a stake of Shanduka Coal to the Shanduka Group for $85 million.
As quoted in the market news:
The deal increases Shanduka Group’s stake to 50.01 percent from 30 percent, Phuti Malabie, chief executive officer of Johannesburg-based Shanduka Group, said.
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