26/10/2020 - 17:12

Altech to bank $8 million from sale of German subsidiary stake

26/10/2020 - 17:12

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Altech Chemicals has agreed to sell a 25 per cent stake in its German subsidiary, Altech Industries Germany, for €5 million – or about A$8.3 million. Frankfurt Stock Exchange-listed Altech Advanced Materials will buy the AIG stake, delivering the ASX-listed parent company a useful cash harvest that will help advance its Malaysian high purity alumina play.

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