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Harmony looking to sell 20% stake in ARM

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By Justin Brown 
World number six gold miner Harmony Gold (HAR) is looking to sell it 20% stake in African Rainbow Minerals (ARM, ARI), Harmony Chief Executive Bernard Swanepoel said on Thursday. 
  
`Nedbank has brought us a fully underwritten offer for our 20% stake in ARM, which is to be injected into an empowerment vehicle,` he added. 
  
Harmony is currently looking to merge with Gold Fields (GFI) to create the world`s largest gold miner and is offering Gold Fields shareholders 1.275 Harmony shares for every Gold Fields security held. 
  
I-Net Bridge 

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