PD arranges transfer of 14% stake in SPCC

Dec 27, 2004 | 07:09 AM | Julie Bresnick

Phelps Dodge Corp. has filed a document with the U.S. Securities and Exchange Commission over the transfer of its 14-percent stake in Southern Peru Copper Corp. (SPCC), a subsidiary of Grupo Mexico SA de CV.

"It puts in place the mechanism we will use to deliver the shares back to Grupo (Mexico)," a spokesman for Phoenix-based Phelps Dodge said. He declined to comment further on the details of the arrangement.....

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