11.02.2013 - Kazakh wealth fund acquires 29 pct in Glencore-controlled zinc producer Kazzinc news
Kazakhstan's sovereign wealth fund, Samruk-Kazyna, acquired a 29-per cent stake in Glencore-controlled zinc producer Kazzinc. Without disclosing the financial terms of the acquisition, Samruk-Kazyna's deputy head, Kuandyk Bishimbayev, told reporters, "The Kazzinc deal is closed, and today we own 29 per cent in this enterprise." Bishimbayev said that Samruk-Kazyna bought the stake from Kazakhstan billionaire Bulat Utemuratov controlled investment firm Verny Capital...............................................Full Article: Source
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