Alcan confirms sale of lead, zinc trading book

Nov 16, 2004 | 08:29 AM | Josephine Mason

Alcan Inc., Montreal, has confirmed the sale of its lead and zinc metal trading book to Swiss trading company Trafigura Ltd. in a further move to break up the Pechiney World Trade business and divest non-core operations.

The transaction includes lead and zinc trading inventories as well as the commercial agreements related to the business operated through Pechiney Trading Ltd. (U.K.). The financial terms of the deal weren't disclosed.....

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