Glencore completes Kazzinc stake purchase
Glencore, the commodities trader, has completed the purchase of a stake in Kazzinc, the Kazakhstan zinc producer, from Verny Investments.
Glencore, the commodities trader, has completed the purchase of a stake in Kazzinc, the Kazakhstan zinc producer, from Verny Investments.
The two parties agreed on the sale by Verny of an 18.91% stake in Kazzinc back in September, but the deal was subject to a number of conditions, including approval from the Kazakhstan authorities.
The acquisition takes Glencore's stake in Kazzinc up to 69.81%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
JH
-
Investors are snapping up gilts thanks to tax incentives – but is your money better off elsewhere?
UK government bonds, also known as gilts, are proving popular with investors so far this year, thanks to higher interest rates and the attractive tax incentives they offer. Should you invest in them?
By Katie Williams Published
-
Rightmove: Asking prices edge closer to record peak
Asking prices have been driven up by the top-end of the market, Rightmove has found. But how does the situation look in your area?
By Vaishali Varu Published