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
