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)