Trader and tanker owner Trafigura is taking control of Belgian metals and mining company Nyrstar.
It has agreed interim funding arrangements to complete a restructuring with Nyrstar’s bondholders, convertible noteholders and bank lenders.
"The agreements are an important step towards the successful completion of the restructuring, which will result in Trafigura becoming the majority owner of the operating business of Nyrstar," Trafigura said.
