Lucapa Diamond Co. Ltd. (AU:LOM) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Lucapa Diamond Co. Ltd. is set to streamline its asset portfolio by offloading its 70% stake in Lesotho’s Mothae Diamond Mine to Lephema Executive Transport, allowing the company to concentrate on its Angolan and Australian projects. The divestment, which is part of a new strategic focus following a board restructuring, involves a nominal sale price and the transfer of liabilities to the buyer. Completion of the deal hinges on several conditions and is expected by 30 September 2024.
For further insights into AU:LOM stock, check out TipRanks’ Stock Analysis page.
