20
Feb
00:21
Hedonova sells off Indonesian nickel miner Mineralindo Morowali
Hedonova, a Paris-based hedge fund, has exited its 76% stake in an Indonesian nickel miner Mineralindo Morowali, Kallanish notes.
Hedonova sold the stake to a consortium of Chinese mining companies called Indo-pacific Net-zero Battery-materials Consortium (INBC) for $31 million in an all-cash transaction.
The stake was acquired for $10 million in February 2020.
Hedonova will also exit its complementary investments in the region, i…
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