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Dundee Corporation Announces Closing of the Sale of its Interest in Android Industries
Globenewswire· 2025-12-12 23:01
Core Points - Dundee Corporation has successfully closed the sale of its 20% interest in Android Industries, a leading assembler for the automotive industry, marking a significant milestone in the company's strategy to optimize its asset portfolio [1][2] - The transaction resulted in cash proceeds of approximately C$27.3 million at closing, with an additional C$15.3 million contingent upon the release of escrows [2] - The company remains focused on growth within the mining sector and is committed to delivering value to shareholders through strategic investments [2][3] Company Overview - Dundee Corporation is a public Canadian independent mining-focused holding company listed on the Toronto Stock Exchange under the symbol "DC.A" [3] - The company primarily engages in acquiring mineral resource assets and aims to unlock value through strategic investments in mining projects globally [3] - Dundee conducts due diligence to assess the merits and risks of each project, seeking to generate investment returns or collaborate with operating partners [3]
Dundee Corporation Announces Closing of the Sale of its Interest in Android Industries
Globenewswire· 2025-12-12 23:01
TORONTO, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) is pleased to announce that the ownership group of Android Industries, L.L.C. (“Android”) has now closed the previously announced sale of their interests in Android. The Corporation held a 20% interest in Android, a private company and leading high technology-enabled assembler and sequencer of complex assemblies for the automotive industry. As a result of the closing of this transaction, Dundee received ...