LONDON--Swiss commodities giant Glencore International PLC
(GLEN.LN) said Thursday it, through subsidiaries, has completed the
acquisition of Vale's European manganese ferroalloys operations,
for 160 million dollars.
MAIN FACTS:
-Operations, located in Dunkirk, France and Mo I Rana, Norway,
currently have the capacity to produce 150,000 tons and 110,000
tons of manganese ferroalloys per annum respectively.
-As part of the transaction, Glencore will become the marketing
agent for Vale's metallurgical manganese ore outside Brazil for a
period of five years.
-Shares closed Wednesday at 343 pence valuing the company at
24.35 billion pounds.
-Write to Ian Walker at ian.walker@dowjones.com
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