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%.

JH

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