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.

Vulture fund exits Minara Vulture fund exits Minara Vulture fund exits Minara Vulture fund exits Minara Vulture fund exits Minara

Macquarie is understood to be placing the shares with Australian and offshore institutions.

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