Nyrstar flags IPO as early as October

The Zinifex spin-off is approved by shareholders as the companyÆs directors announce a timetable for listing.

Shareholders in Australian base metal miner Zinifex have unanimously approved the transfer of the companyÆs smelting assets to a new Belgium-incorporated company, and have agreed that ZinifexÆs shares in the spin-off be sold through an IPO. The listing on EuropeÆs Euronext exchange has been flagged for as early as October this year, depending on market conditions.

The spin-off, called Nyrstar, is expected to start operations in September, and while no indication has been given to the size of the...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: zinifex | ubs

Print Edition

FinanceAsia Print Edition