EQUITIES: Palladium producer feels volatility
Norilsk Limited monetised most its entire, 51% stake in Stillwater Mining, a palladium producer, through a two-part, US$874.3m secondary stock sale. While highly profitable, the sale proved a disappointing outcome for the Russian miner as selling pressure late in the book-building process and lacklustre investor demand forced a sizable concession in final pricing.
This content is for Subscribers only
To access full IFRe.com story content you must be a subscriber. Please use the following link to request your Trial Access.
