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Article: Minmetals may purchase 40 pct stake in Hunan Nonferrous Group.
- Article from:
- China Business News
- Article date:
- September 12, 2008
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Minmetals may purchase 40 pct stake in Hunan Nonferrous Group
Shanghai. September 12. INTERFAX-CHINA - China Minmetals Corp., the country's largest metals trader, recently inked a letter of intent with the Hunan Provincial State-owned Assets Supervision and Administration Commission to purchase a 40 percent stake in state-owned Hunan Nonferrous Metals Holding Group Co. Ltd., the company's Hong Kong-listed subsidiary Hunan Nonferrous Metals Co. Ltd. announced on Sept. 12.
Hunan Nonferrous said that the two sides are still in negotiations, and have not reached an official agreement apart from the non-binding letter of intent.
The proposed deal ...