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.
