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Paladin Energy’s PE backer taps out in $47m block trade via JPM

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JPMorgan’s equity desk traded a $47m block of uranium developer Paladin Energy’s shares before market open on Wednesday, as China-focused private equity investor HOPU Clean Energy (Singapore) Pte Ltd pressed sell.

Uranium is the fuel for nuclear reactors, but also used for medical and industrial isotope production. Glenn Campbell

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/paladin-energy-shareholder-in-47m-block-trade-via-jpmorgan-20230905-p5e27e