5N Plus wins big price cut in settlement on MCP takeover

Jun 20, 2013 | 11:49 AM |

Tags  5N Plus, MCP Group, takeover settlement, SRIW, Florinvest, Heresford, Jacques L’Ecuyer

SHANGHAI — Canada’s 5N Plus Inc. has agreed to pay €17.5 million ($23.1 million) to the former shareholders of Belgian nonferrous metals distributor MCP Group SA to end an 18-month dispute over its purchase of the company.

The sum is less than one-third of the €54 million ($71.2 million), including interest, still outstanding from the original purchase price in April 2011.....

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