Zoltav sells stake in three firms
Zoltav, the AIM-listed company focused on acquiring and developing natural resource assets, has announced that, in order to realise investment gains, the company has sold its holdings in three companies.
Zoltav, the AIM-listed company focused on acquiring and developing natural resource assets, has announced that, in order to realise investment gains, the company has sold its holdings in three companies.
The firm generated $0.27m from the sale of global depository receipts in Rosneft, $0.26m from the sale of sponsored American depository receipts in Gazprom, and $0.17m from the sale of American depository receipts in Lukoil.
The proceeds of these investment sales will be used to fund future investments and for general working capital purposes.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price rose 3% to 6p by 10:40.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Lloyds axes foreign currency fees for Club Lloyds customers
Club Lloyds customers will be able to withdraw their money abroad without incurring any extra fees
By Daniel Hilton Published
-
How to invest during stagflation
Trump’s tariffs look poised to push the global economy into a period of stagflation. We look at how to ensure your investments can survive a global slowdown.
By Dan McEvoy Published