Belgian metals and mining company Nyrstar's major shareholder Trafigura Gro...
FILE PHOTO: The Trafigura logo is pictured at the company entrance in Geneva, Switzerland March 11, 2012. REUTERS/Denis Balibouse
Nyrstar said it would sell its operating group to a newly incorporated subsidiary, NewCo. As part of its recapitalization, commodities trader Trafigura will be issued 98 percent share capital of NewCo. “Nyrstar has been faced with substantial financial and operational difficulties over the last few years, but it also has very solid industrial and mining operations on which we can build a stable future,” Trafigura Chief Executive Officer Jeremy Weir said.
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