Glencore to Sell Its Stake in Las Bambas Copper Mine for $5.85b
2014-04-13 17:24:25.45 GMT
By John Simpson
April 13 (Bloomberg) -- Group 62.5%-owned by MMG, 22.5% by
Guoxin International Investment and 15% by Citic Metal to buy
stake, Glencore says in e-mail.
* All capex and other costs in developing project from Jan. 1
to closing of deal will be payable by the group
* China Minmetals, which holds ~74% of MMG, irrevocably
committed to vote in favor the deal, Glencore says
* BMO Capital Markets, Credit Suisse acting as financial
advisers to Glencore in sale
Link to Company News:CITIC CH <Equity> CN <GO>
Link to Company News:GUOXINVZ CH <Equity> CN <GO>
Link to Company News:GLEN LN <Equity> CN <GO>
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jsimpson12@bloomberg.net
2014-04-13 17:24:25.45 GMT
By John Simpson
April 13 (Bloomberg) -- Group 62.5%-owned by MMG, 22.5% by
Guoxin International Investment and 15% by Citic Metal to buy
stake, Glencore says in e-mail.
* All capex and other costs in developing project from Jan. 1
to closing of deal will be payable by the group
* China Minmetals, which holds ~74% of MMG, irrevocably
committed to vote in favor the deal, Glencore says
* BMO Capital Markets, Credit Suisse acting as financial
advisers to Glencore in sale
Link to Company News:CITIC CH <Equity> CN <GO>
Link to Company News:GUOXINVZ CH <Equity> CN <GO>
Link to Company News:GLEN LN <Equity> CN <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the editor responsible for this story:
John Simpson at +1-416-203-5726 or
jsimpson12@bloomberg.net