Trafigura takes Nyrstar private in UK debt restructuring

Trafigura will become a major zinc and lead smelter, taking global producer Nyrstar NV effectively private after reaching an agreement with other debtors, both companies said on Monday April 15.

Trafigura, which was already a 24% owner of Nyrstar, will take full control in a “lock-up agreement”. A NewCo UK company, 98% owned by Trafigura, will buy Nyrstar’s remaining shares. Nyrstar smelts over a million tonnes of zinc per year, making it the...

Published

Archie Hunter

April 15, 2019

09:00 GMT

London