IDC seeks buyer for its 10.2% stake in Rössing Uranium
The Industrial Development Corporation of South Africa (IDC) has invited potential buyers to submit expressions of interest to acquire its 10.2% equity stake in Rössing Uranium, marking the State-owned financier’s planned exit from an investment it has held since the Namibian mine’s establishment in the 1970s. In a notice dated January 26, the IDC said it has reached its investment horizon in Rössing Uranium and intends to dispose of its minority shareholding in the company, which operates one of the world’s largest and longest-running openpit uranium mines in Southern Africa.
The Industrial Development Corporation of South Africa (IDC) has invited potential buyers to submit expressions of interest to acquire its 10.2% equity stake in Rössing Uranium, marking the State-owned financier’s planned exit from an investment it has held since the Namibian mine’s establishment in the 1970s. In a notice dated January 26, the IDC said it has reached its investment horizon in Rössing Uranium and intends to dispose of its minority shareholding in the company, which operates one of the world’s largest and longest-running openpit uranium mines in Southern Africa.
What's Your Reaction?
theprofiler
A profiler of note
