Sojitz sells off Coal & Allied stake

JAPANESE trading house Sojitz Corporation dumped its entire 5.69% stake of Coal & Allied on the Australian Securities Exchange Friday morning, with the $A374.33 million transaction made at a 28% discount to Thursday’s closing share price.

Sojitz sells off Coal & Allied stake Sojitz sells off Coal & Allied stake Sojitz sells off Coal & Allied stake Sojitz sells off Coal & Allied stake Sojitz sells off Coal & Allied stake

The share price of the Hunter Valley thermal coal producer is consequently closed down 12% on Friday to $92.00 trading at $97.50 compared to its close of $105 the day previous.

Sojitz sold its 4.

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