Investors were speculating that the seller was Pilbara Minerals major shareholder Contemporary Amperex Technology Limited, which owned 6.9 per cent of the company’s shares prior to the trade.The sale followed news on Monday that Pilbara had secured a debt facility for its POSCO joint venture.
CATL invested in Pilbara Minerals in 2019, when it tipped in $55 million via a strategic placement. It initially bought 183.3 million shares at 30¢ each. co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: