Samruk-Kazyna, a wealth fund owned by Kazakhstan, revealed Thursday that it paid 1.65bn dollars for its newly acquired 29.8 per cent stake in Kazzinc, a zinc producer controlled by commodities giant Glencore.
The transaction means that Glencore has been unable to proceed with its intention to gain full ownership of Kazzinc, and retains a 69.61% stake.
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‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
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MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
