Glencore mines deeper into Volcan

Glencore mines deeper into Volcan

Project & Infrastructure Finance Peru M&A

London-listed Glencore said it has agreed to buy 26.73% of common A shares in Peru's Volcan Compania Minera for roughly $531m, picking up the units for $1.215 apiece.Glencore will also launch a public tender offer to all Volcan shareholders for up to 48.19% of outstanding common A shares, a statement from the mining company showed. Terms of the tender offer remain the same as the initial 26.73% purchase.Following the conclusion of the tender, Glencore will hold between 44.84% and 66.3% of V

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