Dundee Corporation Sells 20% Stake in Android Industries for C$27.3 Million

Reuters12-13
Dundee Corporation Sells 20% Stake in Android Industries for C$27.3 Million

Dundee Corporation has completed the sale of its 20% interest in Android Industries, a company specializing in high technology-enabled assembly for the automotive sector. The transaction brought Dundee approximately C$27.3 million in cash proceeds at closing, with an additional C$15.3 million potentially payable upon the release of all escrows. The move supports Dundee's strategy to streamline its asset portfolio and focus on growth in the mining sector.

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