Currently viewing Global edition

Glencore to increase Volcan stake 

Diversified miner and metals trader Glencore (LN:GLEN) aims to increase its stake in Volcan Compañia Minera having reached an agreement with shareholders that hold 26.73% of the Peruvian base metals producer's class A shares.

Glencore to increase Volcan stake  Glencore to increase Volcan stake  Glencore to increase Volcan stake  Glencore to increase Volcan stake  Glencore to increase Volcan stake 

Glencore will get closer to the fifth biggest producer of zinc with this deal

Glencore has been a Volcan shareholder since 2004 and holds 18.11% of its class A shares and 0.02% of class B shares reflecting a total economic interest of 7.68% in the company.