Trafigura boosts stake in Nyrstar by over a half

Trading company Trafigura has boosted its share in Nyrstar by around 50%, the Belgium-based zinc and lead producer said, in a move that will quicken the interest of those who are attempting to unpick the merchant’s strategy.

Trafigura subsidiary Union Holdings (Malta) Ltd bought shares to take its position in Nyrstar to 15.3% as of November 6, from 10.19% previously, Nyrstar said.
At the close of business on November 12, Nyrstar's market capitalisation was €867 million ($1.1 billion), valuing Trafigura's increased stake at €132.7 million.

Though significant because it is a larger financial stake, Trafigura has not acquired any new shareholder rights in...


November 13, 2014

06:59 GMT