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Sovereign Wealth Funds Briefing - Categorized | Investment

Kazakh fund adds 29 pct of Kazzinc to stakes in miners

Posted on 08 February 2013

Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, has acquired a 29 percent stake in Glencore-controlled zinc producer Kazzinc, adding to its extensive holdings in the country’s mining sector.
“The Kazzinc deal is closed, and today we own 29 percent in this enterprise,” Kuandyk Bishimbayev, deputy head of the fund, told reporters. “These were borrowed funds,” he added without disclosing the price of the stake or giving further details………………………………………..Full Article: Source


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