Further re Press Release
August 23 2004 - 12:47PM
UK Regulatory
Zambia Copper Investments Limited
(Registered in Bermuda)
ISIN: BMG988431240
("ZCI")
VEDANTA BECOMES A STRATEGIC EQUITY PARTNER IN KCM
The Board of Zambia Copper Investments Limited (ZCI) is pleased to announce
that terms have been reached for the introduction of Vedanta Resources plc
(Vedanta) as a strategic equity partner for Konkola Copper Mines plc (KCM).
Under the terms of the agreement Vedanta will subscribe for new KCM shares and
obtain a 51% interest in KCM. In return, Vedanta will:
- inject the subscription price of US$25 million as equity into KCM,
- pay ZCI US$23.2 million as deferred consideration payable over 4
Zambia Copper (LSE:ZCI)
Historical Stock Chart
From May 2024 to Jun 2024
Zambia Copper (LSE:ZCI)
Historical Stock Chart
From Jun 2023 to Jun 2024