Capital Limited Cashes Out PDI Stake
Company Announcements

Capital Limited Cashes Out PDI Stake

Capital Drilling (GB:CAPD) has released an update.

Capital Limited, a prominent mining services firm, has announced the sale of its entire stake in Predictive Discovery Limited to Perseus Mining Limited for A$47.3 million, approximately US$31.2 million. The deal includes a profit-sharing agreement for any potential resale of shares by Perseus before the end of 2025. Capital aims to use the sale proceeds to reduce its debt, aligning with its broader business strategy.

For further insights into GB:CAPD stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskCapital Limited Posts Robust Q3 2024 Results
TipRanks UK Auto-Generated NewsdeskCapital Limited Mourns the Loss of Board Member
TipRanks UK Auto-Generated NewsdeskAegis Financial Corp Acquires 5.17% of Capital Limited
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App