IFLR1000

Glencore $734 million acquisition of a stake in Volcan Compañia Minera

2/11/2017
Public acquisition
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$ 956 million

Completed

2/11/2017

Overview:

  • Glencore has acquired a stake in Volcan Compañia Minera through a tender offer in the Lima Stock Exchange.
  • The transaction was valued at $734 million. 
  • The target company owns four operating mining units, 10 mines, seven concentrator plants, one oxides leaching plant, as well as rights to develop a port on the Northern coast of Peru. 

Rani Mehta - Journalist 

Jurisdiction:

Peru

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Mining

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