Deals
Kazakhmys Completes Restructuring, Changes Name to KAZ Minerals
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Kazakhmys Plc completed the transfer of its unprofitable copper mines and smelters in Kazakhstan to its former chairman’s company and changed its name to KAZ Minerals Plc.
The company divested two-thirds of its copper assets to Cuprum Holding Group, owned by former Chairman Vladimir Kim and Kazakh operations head Eduard Ogay, and agreed to pay about $240 million as working capital and other expenses to run them.