Glencore 'withdraws Kazzinc sale after offers fall short'

In:

Metals and Mining

Region:

Asia-Pacific

Glencore has abandoned plans to sell its stake in Kazakh mining company Kazzinc after potential buyers failed to match its valuation, people familiar with the situation said.Glencore had been considering exiting the business, in which it holds a 70% stake, amid interest from Chinese buyers. The...

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