Gold Fields sells 6% stake in Hummingbird - Morningstar
(Alliance News) - Gold Fields Ltd has sold its entire stake in London-listed miner Hummingbird Resources PLC, the latter said on Wednesday.
Before the transaction, carried out on Wednesday, Gold Fields had a 6.2% stake in Hummingbird.
Gold Fields is a member of the large cap Top 40 index on the Johannesburg Stock Exchange, with operations in the Americas, Australia, and Africa.
Hummingbird shares were 4.7% higher on Wednesday afternoon in London at 28.00 pence each, giving it a market capitalisation of around GBP99 million. This would value the stake sold by Gold Fields at GBP6.1 million.
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