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Business|Copper
Business|Copper
business|copper

Capstone Copper's investor launches $454m block trade, term sheet shows

9th October 2025

By: Reuters

  

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Hadrian Capital Partners is selling down an A$688 million ($454.1 million) dollar stake in dual-listed Capstone Copper on Thursday, according to a term sheet seen by Reuters.

The investor is selling 50-million ASX Chess Depository Interests (CDI) in the company at A$13.75 each, the term sheet said.

The price is a 6.7% discount to Capstone's Australian closing price of A$14.74 on Thursday.

Citigroup and Macquarie Capital are handling the trade, according to the term sheet.

Capstone Copper did not immediately respond to a request for comment from Reuters. Hadrian Capital Partners could not be reached outside US business hours.

The share sale represents 6.6% of Capstone Copper's total shares on issue, the term sheet said, and Hadrian Capital Partners will retain a 6.7% stake in the business.

Hadrian Capital Partners does not intend to sell further Capstone Copper shares in the near future, the term sheet said.

Edited by Reuters

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