Mercuria closes in on deal to sell stake in Henry Bath to Chinese warehouse firm

CMST Development Co (CMSTD), a large Chinese warehousing and logistics company, is closing in on a deal to buy a majority stake in Henry Bath from trading company Mercuria, according to company filings in China.

No agreement has yet been concluded on the proposed sale of the 51% stake in the warehousing company, Metal Bulletin understands.
But over the next six weeks the companies hope to finalise a deal under which Mercuria will sell the stake in Henry Bath, which was a founding member of the London Metal Exchange, to the Chinese company for about $60 million, Metal Bulletin understands.

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September 14, 2015

17:52 GMT