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SYDNEY, July 27 (Reuters) - Glencore has sold its 6.4% shareholding in Yancoal Australia limited, the company said in a statement on Wednesday.
The statement comes after reports that the mining and trading giant sold its Yancoal stake in a block trade worth A$422 million ($293 million).
"Glencore can confirm it has sold its 6.4% shareholding in Yancoal Australia Limited," the company said in a statement to Reuters.
(Reporting by Praveen Menon; editing by Jason Neely)
>>> Read more: Glencore confirms sale of shareholding in Yancoal Australia
The statement comes after reports that the mining and trading giant sold its Yancoal stake in a block trade worth A$422 million ($293 million).
"Glencore can confirm it has sold its 6.4% shareholding in Yancoal Australia Limited," the company said in a statement to Reuters.
(Reporting by Praveen Menon; editing by Jason Neely)
>>> Read more: Glencore confirms sale of shareholding in Yancoal Australia
