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POSCO sells Sandfire stake

SANDFIRE Resources went into a trading halt this morning as major shareholder POSCO sold down its...

Kristie Batten

POSCO owned 15.2% of Sandfire, and it has long been speculated that it was looking to offload the investment. The Korean steel giant sold then stake at $A5.43, a 4.2% discount to Sandfire's closing...

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