Dundee Corporation Closes Sale of 20% Stake in Android Industries

Reuters12-13 07:01

Dundee Corporation Closes Sale of 20% Stake in Android Industries

Dundee Corporation has completed the sale of its 20% interest in Android Industries, L.L.C., a private company specializing in high technology-enabled assembly and sequencing for the automotive sector. Following the closing, Dundee received approximately C$27.3 million in cash proceeds, net of tax holdbacks and fees, with an additional C$15.3 million to be paid contingent upon the release of all escrows. According to Jonathan Goodman, President and CEO of Dundee Corporation, this divestiture marks a significant milestone in the company's efforts to streamline its non-core legacy asset portfolio and focus on growth within the mining sector.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dundee Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9601713-en) on December 12, 2025, and is solely responsible for the information contained therein.

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