SGRF in talks to inject equity in Irish mining Kenmare Resources
A deal between Oman's State General Reserve Fund ( SGRF ) and the Irish mining group Kenmare Resources for a USD100mn equity injection into the latter is in the final stages. The proposed deal with the SGRF is part of a new USD275mn capital raising by the London-listed miner, which has a net debt far in excess of its market capitalisation. A report in Financial Times said the investment will give the sovereign wealth fund up to 29.2% of Kenmare. (Oman observer)
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