First Reserve and AMCI have reduced their stakes in Whitehaven Coal (ASX: WHC) by selling 65 million shares for AUD6 ($6.42) apiece. Credit Suisse served as underwriter. The two sellers are the company's largest shareholders. First Reserve now holds a 14.7% stake in the company, while AMCI holds a 9.7% stake. Whitehaven Coal is an Australian-based producer of coal.
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