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Capstone Copper's investor launches $454 million block trade, term sheet shows
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Capstone Copper's investor launches $454 million block trade, term sheet shows
Oct 9, 2025 12:22 AM

SYDNEY, Oct 9 (Reuters) - Hadrian Capital Partners is

selling down an A$688 million ($454.1 million) dollar stake in

dual-listed Capstone Copper ( CSCCF ) on Thursday, according to a

term sheet seen by Reuters.

The investor is selling 50 million ASX Chess Depository

Interests (CDI) in the company at A$13.75 each, the term sheet

said.

The price is a 6.7% discount to Capstone's

Australian closing price of A$14.74 on Thursday.

Citigroup and Macquarie Capital are handling the trade,

according to the term sheet.

Capstone Copper ( CSCCF ) did not immediately respond to a request for

comment from Reuters. Hadrian Capital Partners could not be

reached outside U.S business hours.

The share sale represents 6.6% of Capstone Copper's ( CSCCF ) total

shares on issue, the term sheet said, and Hadrian Capital

Partners will retain a 6.7% stake in the business.

Hadrian Capital Partners does not intend to sell further

Capstone Copper ( CSCCF ) shares in the near future, the term sheet said.

($1 = 1.5152 Australian dollars)

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