Capstone Copper's investor launches $454 million block trade, term sheet shows
ReutersOct 9, 2025 6:17 AM
SYDNEY, Oct 9 (Reuters) - Hadrian Capital Partners is selling down an A$688 million ($454.08 million) dollar stake in dual-listed Capstone Copper CS.TO on Thursday, according to a term sheet seen by Reuters.
The investor is selling 50 million ASX Chess Depository Interests (CDI) in the company at $13.75 each, the term sheet said.
The price is a 6.7% discount to Capstone's CSC.AX Australian closing price of A$14.74 on Thursday.
Citigroup and Macquarie Capital are handling the trade, according to the term sheet.
($1 = 1.5152 Australian dollars)
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