Sumitomo secures full CBNC ownership
In a stock exchange filing on Monday, NAC confirmed the sale of its entire 15.625 percent stake in CBNC to Sumitomo which, even before the transaction, already held an 84.38 percent majority stake in the nickel processing company
One of the Philippines’ largest nickel ore producers, Nickel Asia Corp. has sold its remaining 15.625 percent share in Coral Bay Nickel Corp. to Japan’s Sumitomo Metal Mining Co. which had already held an 84.63 percent stake in the company.
photograph courtesy of Sumitomo Metal Mining Co., Ltd.