Katanga now wholly-owned by Glencore in deal to take company private

Katanga Mining has been taken private by Glencore International AG after shareholders voted overwhelming in favor of a definitive agreement to amalgamate the company with 836074 Yukon Inc, a wholly-owned Katanga subsidiary.

A special meeting of shareholders was held on Tuesday June 2, with the deal - recommended by the Katanga board - getting 99.9% approval during a vote.

The result of the vote, which required a two-thirds majority, was never in doubt. Glencore, which owns 99.5% of Katanga’s issued and outstanding common shares, had said it planned to vote...

Published

Andrea Hotter

June 04, 2020

14:21 GMT

New York