Australia's Mt Gibson says Gazmetall sells stake

SYDNEY, April 4 (Reuters) - Australian iron ore miner Mt Gibson Iron Ltd (MGX.AX: Quote, Profile, Research) said on Friday that Ukraine's Gazmetall had sold its 19.52 percent stake in Mt Gibson at A$2.65 per share to existing and new institutional shareholders.

Gazmetall had mandated Merrill Lynch to sell the shares by way of an international bookbuild, which was completed on Thursday, Mt Gibson said in a statement. (Reporting by James Thornhill)