November 15, 2016 / 4:26 PM / 9 months ago

BUZZ-Lundin Mining Corp: To sell TF Holdings stake

1 Min Read

** Canadian miner's shares slip as much as 4.25 pct to C$6.08 after selling indirect stake in TF Holdings Ltd

** Lundin to sell 30 pct stake in TF for $1.14 bln cash; says will waive right to buy Freeport-McMoRan Inc's interest in TF

** Freeport shares down 1.5 pct at $13.70

** Freeport said in May it would sell its 70 pct stake in TF for $2.65 bln cash, and said sale would go through after Lundin's right of first offer to buy its stake (bit.ly/24G193H)

** Lundin's stake sale is on the extended deadline given by Freeport to buy its TF stake

** As of Monday's close, company's shares were up 67 pct YTD

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