Exxaro to sell slice of its Tronox stake

October 4, 2017

Business Day / 03 OCTOBER 2017 - 09:27 / CHARLOTTE MATHEWS

 

The funds will be used for capital projects, debt repayment and to return capital to shareholders

 

Exxaro Resources is to sell up to 18.4-million shares, or a third of the stock it holds in New York-listed titanium products company Tronox, worth about $397m or R5.43bn.

 

The funds would be used for capital projects, debt repayment and to return capital to shareholders, it said on Tuesday.