Minsur Finalizes USD $340 Million Sale of Brazilian Unit to CNMC
Minsur has completed the sale of its Brazilian unit to CNMC for USD $340 million, enhancing both companies’ positions in the mining industry.
Peru’s Minsur has successfully concluded the sale of its Brazilian unit to China’s China Nonferrous Metal Mining Group (CNMC) for a total of USD $340 million. This transaction represents a significant strategic shift for Minsur as it expands its international footprint. The deal aligns with CNMC’s plans for growth in the mining sector in Latin America, enhancing its operations in Brazil.
In summary, Minsur’s divestiture of its Brazilian operations to CNMC for USD $340 million marks a pivotal moment in both companies’ strategies. This sale reflects Minsur’s intention to diversify its ventures and CNMC’s commitment to expanding its influence in Latin America’s mining landscape.
Original Source: www.bnamericas.com
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