CAPITAL MARKETS

Vulture fund exits Minara

MATLINPATTERSON has sold its 35.9% stake in Minara Resources, formerly Anaconda Nickel, to Macquarie Bank a little more than 12 months after the US vulture fund launched its unsuccessful bid for the nickel laterite miner.

Greg Tubby
Vulture fund exits Minara

Macquarie is understood to be placing the shares with Australian and offshore institutions. Matlin will walk away from its unexpected foray into laterite nickel with a handy profit in the order of $200...

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