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
-
-
Act now: First Direct’s £175 switching bonus ending soon
First Direct has launched a £12,500 prize draw on top of its £175 cash bonus - but they both finish soon, so you’ll need to be quick
By Vaishali Varu Published
-
Credit card providers slash 0% balance transfer deals
Customers face a double whammy of rising interest rates and shorter 0% balance transfer periods. We look at what’s going on in the credit card market and why you’ll need to act fast to get the top 0% balance transfer deal
By Ruth Emery Published