Trafigura exits Australia’s Tiger Resources, no strategic buyers

Commodities trader Trafigura has sold its 28 percent stake in Tiger Resources Ltd to institutional investors but no corporate buyer emerged to grab a strategic stake in the Australian miner with growing operations in central Africa’s hot copper belt.

The shares were sold at 35 cents a share to Australian and offshore investors, a person familiar with the process said who declined to be identified as the pricing was confidential.

via Business feed http://www.scmp.com/business/companies/article/1049292/trafigura-exits-australia%E2%80%99s-tiger-resources-no-strategic-buyers