Trafigura commodity trader will gain control over the Nyrstar zinc company

Belgian Nyrstar, which is experiencing financial difficulties, reported that in October last year it had begun to revise its structure of share capital. In the fourth quarter of 2018 and the first quarter of this year, it experienced an outflow of liquidity and working capital. To overcome these and other difficulties, it had to attract short-term financing and revise the capital structure. As part of the recapitalization plan, the transnational exchange company Trafigura Group, which owns a 24.4% stake in Nyrstar, will gain control over the Belgian zinc company. As a result of the recapitalization, the share of Trafigura, specializing in the trade of metals, hydrocarbons and energy, will increase to 98%. It will also provide a $250 million bridge loan to Nyrstar.

16.04.2019
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