CAPITAL MARKETS

Newcrest sells Evolution stake

GOLD producer Newcrest Mining is no longer a substantial shareholder in Evolution Mining after se...

Kristie Batten
Newcrest sells Evolution stake

Citigroup was appointed to sell the block of 36 million shares at $1.125 per share. Newcrest still holds around 70 million shares in Evolution, but the sale reduces the miner’s stake in from 7.4% to...

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