Tharisa acquires 90% stake in Salene Chrome Zimbabwe
Published: Wednesday, 16 May 2018
Tharisa has acquired a 90% stake in Salene Chrome Zimbabwe Ltd for an undisclosed sum, the South African chrome producer announced on Thursday May 16.
The company acquired the holding from the Leto Settlement
Trust, which has family links to Tharisa chief executive
officer Phoevos Pouroulis and is the beneficial shareholder of
Tharisa’s major shareholder, Medway Developments
Ltd. Leto will keep a 10% free carried shareholding in
Salene and will be entitled to a 3% royalty...