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Sallies hedge fund owner sells to London company

BusinessDay – Sallies, a fluorspar miner listed on the JSE, has announced that Maghreb Minerals has bought US-based Firebird Global Master funds’ 66.9% stake in the local company.

Maghreb Minerals is listed on the London Stock Exchange while Firebird is an American-based hedge fund entity.

It has apparently conditionally agreed to purchase Firebird Global Master Fund’s total equity stake in Sallies of 484,958,606 ordinary shares.

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