BMC Minerals (ASX:BMC) said that BMC UK has completed a sell-down of 29.5 million Chess depositary interests (CDIs), representing nearly 11% of the company's issued capital, via an underwritten block trade to institutional and professional investors at AU$2.85 per CDI, according to a Tuesday Australian bourse filing.
BMC UK retains a 53.9% controlling stake in the company following the transaction, the filing added.
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