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Tharisa acquires 90% stake in Salene Chrome Zimbabwe

By IM Staff
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‚Äôs major shareholder, Medway Developments Ltd. Leto will keep a 10% free carried shareholding in Salene and will be entitled to a 3% royalty...

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