CAPITAL MARKETS

Australian institutions snap up lion's share of ConsMin

CONSOLIDATED Minerals has significantly expanded its institutional shareholder base after a group of more than 15 Australian institutional and retail investors bought the balance of major shareholder Lion Selection Group's holding in the manganese producer late on Friday.

Greg Tubby
Australian institutions snap up lion's share of ConsMin

Institutional and retail clients of broking firm Johnson Taylor Potter acquired the remaining 28.5 million Consolidated shares held by Lion (representing a 24.6% stake) at a price of 45 cents per share....

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