Fresnillo Nets Block Sale

Mexico’s Fresnillo has sold GBP222m ($344m) in shares to shareholder First Eagle Investment Management, to meet a free-float obligation. The miner sold 19.6m shares, or a 2.68% stake, for GBP11.30 each, it says. The level represents a 2.0% discount to the previous closing price. The deal means that Fresnillo is compliant with a FTSE regulation requiring a minimum 25% free-float.