onze excuses voor het engels taalgebruik: meer als 10 bieders zijn geintresseerd in onze produkten

bij dit bericht bevestigt Reuters dat er wel meer dan 10 geïnteresseerde partijen zijn om de afnamedeal die Nyrstar met Glencore sloot over te nemen , de voorwaarde zullen blijkbaar (te) goed zijn.

Blijkbaar gelooft men in een goede zinkconsumptie aan goede voorwaarden voor de volgende jaren.

Nyrstar USD 700 million zinc offtake attracts more than ten bidders

Reuters reported that more than ten firms have approached Nyrstar hoping to secure the exclusive rights to a portion of the world's largest zinc producer's output worth an estimated USD 700 million a year.

While official negotiations over the offtake have not yet started, commodity traders Trafigura, CWT Limited's MRI and Louis Dreyfus said that they are interested in bidding for the deal which includes 350,000 tonnes a year of Nyrstar's European zinc production.

According to market sources, that equates to 3% of world refined output. Traders Traxys and Noble Group Limited and banks with physical trading desks, Goldman Sachs & Company, Deutsche Bank AG and JP Morgan Chase & Company are also among the interested parties.

The lucrative deal will be up for grabs because Glencore the current holder, has agreed to scrap its agreement which it signed in 2008, and sell its 7.8% stake in Nyrstar worth more than USD 70 million at current prices in return for EU approval for its USD 34 billion takeover of Xstrata.

Official talks will not start until Glencore and Nyrstar find an agreement to end the offtake deal. Glencore now awaits Chinese regulatory go ahead with the Xstrata takeover which it expect to complete by April 16. But the relatively rare chance to snare a sizeable chunk of supply has bidders lining up. Some analysts expect the market for zinc mainly used to protect steel from corrosion will tighten in the next few years as construction picks up in the United States and China. Some major mines are also due to close.

A source close to Nyrstar said that more than 10 firms have approached Nyrstar. All industry players and banks with ambitions in the metals sector are interested in this offtake.

Analysts estimated Glencore and Xstrata together would control about 50 percent of the European zinc metal market but giving up the Nyrstar offtake will reduce their market share by almost 18%.

Source - Reuters