Radar > 241517

International Finance Corporation could be selling 4.6% stake in an Iron Ore project in Equatorial Guinea

International Finance Corporation estaria vendendo sua participação de 4,6% em um projeto de Minério de Ferro em Guiné Equatorial

Intel ID : 241517
Synopsis

International Finance Corporation, an organization held by World Bank specializing in financing projects, would be selling its stake of 4.6% on a iron ore project in Guinea, reported Reuters on October 10, 2016, citing a company press release.

According to it, the IFC has exercised a put option, which it has held since 2006 to require Rio Tinto and Chinalco to buy their stake in the project.

The International Finance Corporation works in this project with the Britain-based Rio Tinto, which has a stake of 46.6%, with China-based Chinalco, that has 41.3%, and the Guinea government, which has 7.5%.
(content in portuguese)

A International Finance Corporation, organização que pertence ao Banco Mundial especializada na financiação de projetos, estaria vendendo sua participação de 4,6% em um projeto de Minério de Ferro em Guiné Equatorial, segundo publicou a Reuters no dia 10 de outubro de 2016, citando um comunicado da empresa.

De acordo com a notícia, a International Finance Corporation exerceu a opção de venda, que têm desde 2006, para exigir que a Rio Tinto e Chinalco comprem sua participação no projeto.

A International Finance Corporation atua nesse projeto com a britânica Rio Tinto, que tem uma participação de 46,6%, a chinesa Chinalco tem 41,3 % e o governo da Guiné que tem 7,5%.

Intel ID 241517
Value ND
Native Currency Euro (EUR)
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Subsector (Old TTR Sectors)
Type
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Tags

Seller

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.02 Central Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Other Services (Primary)
Country
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Primary Sector (TTRSC)
55.05.02 Copper & Cobalt Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Secondary Sectors (TTRSC)
55.05.01 Aluminum Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

55.05.04 Iron & Steel Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

55.05.08 Specialty Metals & Minerals
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Country
Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.