DataRoom AM: OZ Minerals optimism

A better-than-expected trading update from OZ Minerals has watered down speculation that it will offload its stake in Sandfire Resources, while Spotless Group and Healthscope could return to the ASX.

The prospect of a large block sale of OZ Minerals’ 20 per cent stake in Sandfire Resources appears bleak as the former proves to analysts that its cash drain isn’t as bad as feared. It won’t quell persistent rumours of a tie-up between the two, however, even if it remains a longshot.

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