Trafigura Group set to take control of Nyrstar

Belgian metals and mining company Nyrstar's major shareholder Trafigura Group is set to take control of the company as part of a recapitalisation plan, Nyrstar said on Monday.

Nyrstar said it would sell its operating group to a newly incorporated subsidiary, NewCo. As part of its recapitalisation, commodities trader Trafigura will be issued 98% share capital of NewCo.