Sherritt agrees to sell stake in Cuba mining business to company linked to former Trump adviser
Sherritt International Corp. has entered a non-binding agreement with Gillon Capital LLC, a firm associated with a former Trump adviser, to potentially sell a majority stake in its Cuban operations. This decision follows Sherritt's recent reversal of plans to dissolve its Cuban joint venture amid increased U.S. sanctions. The deal, if finalized, would allow Gillon to acquire a 55% stake at a discounted price.
- ▪Sherritt International Corp. is negotiating with Gillon Capital LLC for a majority stake sale.
- ▪The agreement comes after Sherritt decided against dissolving its Cuban joint venture.
- ▪Gillon Capital is linked to Ray Washburne, a former adviser to President Trump.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onSherritt agrees to sell stake in Cuba mining business to company linked to former Trump adviserCanadian miner Sherritt International Corp. has signed a non-binding agreement with Gillon Capital LLCByThe Associated PressMay 20, 2026, 1:14 PM1:43TORONTO -- Canadian miner Sherritt International Corp. has signed a non-binding agreement with Gillon Capital LLC, a family office linked to a former adviser of U.S. President Donald Trump, that would allow Gillon to buy a majority stake in the company as it navigates sanctions on its operations in Cuba.
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