Reuters – Kazakhstan Sovereign Wealth Fund Buys Stake in Kazzinc
Kazakhstan's sovereign wealth fund, Samruk-Kazyna, has acquired a 29 percent stake in Glencore-controlled zinc producer Kazzinc, the fund's deputy head said on Thursday, without disclosing the price, Reuters reported. Glencore, which owns 69.61 percent in Kazzinc, had earlier said it intended to boost its stake in the company to 93 percent for a total of $3.2 billion, including $2.2 billion in cash and $1 billion in equity.
7 February 2013•1 min read
