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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