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Verdant green light for PE takeover

Cash-strapped phosphate company Verdant Minerals has decided to accept a buyout from London-based private equity firm CD Capital, though Verdant’s major shareholder Washington Soul Pattinson is to maintain its 33.4% interest in the Ammaroo project in Northern Territory.

Verdant green light for PE takeover Verdant green light for PE takeover Verdant green light for PE takeover Verdant green light for PE takeover Verdant green light for PE takeover

Verdant is set to turn the lights out on its Ammaroo phosphate project

The deal values Verdant at A$40 million, with the price per share offered being about double levels the stock has been trading at for the past six months.