Fri, Jul 3, 2015
A A A
Welcome asarmad
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

Kazakhmys to sell power-producer stakes for $1.3 bln

Posted on 10 December 2013

Kazakhmys Plc (KAZ), Kazakhstan’s largest copper miner, agreed to sell two power producers to the nation’s sovereign wealth fund for $1.3 billion to protect loan accords.
The transaction will generate net cash proceeds of about $1.25 billion, bolstering Kazakhmys’s finances at it develops the Bozshakol and Aktogay copper mines, it said today in a statement. The sale removes any risk that the company may breach covenants on loans, it said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 16582 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
July 2015
M T W T F S S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031