Monday, April 2, 2007

IFC says invests $15 Million in new Lonmin shares

(Reuters) - The International Financial Corp (IFC) said on Tuesday it has invested $15 million in new shares in South African platinum producer Lonmin Plc, as part of a bigger planned investment.

Lonmin will issue 245,020 shares to the IFC at 3103 pence per share, a discount of 5 percent to the closing mid-market price of Lonmin shares on the London Stock Exchange on April 2.


Read more at Reuters Africa

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