Boliden closing in on deal for Lundin’s European mines
A deal would cement Boliden’s position as one of Europe’s biggest producers of zinc.
Global Capital Merchants said on Friday it had acquired Glencore’s warehousing and logistics unit Access World Group, which was founded in 1933 and acquired by the London-listed miner in 2010.
Global Capital Merchants did not disclose how much it had paid for the unit.
Access World Group currently operates a network of port and warehouse facilities in key locations in the Americas, Asia, Europe, the Middle East, and Africa, the company said in a release.
Global Capital Merchants is incorporated in the British Virgin Islands.
(By Pratima Desai; Editing by Susan Fenton)
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