Glencore to invest $21m in Brazil’s copper producer Paranapanema

July 21, 2017

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Glencore has signed an agreement to invest up to 66-million reais ($21-million) into Brazilian copper producer Paranapanema, the Brazilian firm said in a securities filing.

Paranapanema said the cash injection will give Glencore the right to appoint one board member and that the agreement is conditioned on Paranapanema proceeding with a reorganisation plan that will include refinancing its debt with creditors.

Category: General