Glencore Abandons Kazzinc Sale, Bloomberg Reports
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Dow Jones
-- Glencore is scrapping plans to sell its stake in Kazakh mining company Kazzinc after bids from potential buyers didn't meet the valuation, Bloomberg reports citing unnamed sources.
-- The Switzerland-based mining giant--which holds a 70% stake in Kazzinc--had considered abandoning the business amid interest from Chinese buyers, Bloomberg reports.
--Glencore declined to comment when contacted by Dow Jones Newswires.
Full story: https://tinyurl.com/4pp9s762
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
July 03, 2024 08:53 ET (12:53 GMT)
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