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New Deal

New Deal

Announced

Completed

Glencore acquired stakes in Mutanda and Katanga from Fleurette Properties for $1.1bn.

Financials

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Transaction Value£871m
Consideration Type-
Capital Owned69%
Capital Bid For31%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Fleurette Properties

vendor

Fleurette Properties

Katanga Mining

target

Katanga Mining

Mutanda Mining

target

Mutanda Mining

Glencore International

bidder

Glencore International

Sources

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Press release

Glencore - 

Tags

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Congo (Democratic Republic of the)

Copper

Completed

copper mining

Private

Acquisition

Synopsis

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Glencore acquired stakes in 31% stake in Mutanda and 10.25% stake in Katanga from Fleurette Properties for $1.1bn. Glencore now owns 100% of the shares in Mutanda and approximately 86.33% of the shares in Katanga.

Service Providers (2)

Dealmakers

Hassans

legal advisors

Hassans

Linklaters

legal advisors

Linklaters

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