Glencore plc’s Acquisition of 10% stake in American Zinc Recycling (AZR) Corp.


Akin Gump Advises American Zinc Recycling on the deal

American Zinc Recycling LLC announced today that a subsidiary of Glencore plc has purchased a 10% stake in its wholly-owned subsidiary American Zinc Recycling (AZR) Corp. This strategic investment has been made in connection with the restart of operations at AZR Corp.’s Mooresboro Zinc Refinery located in Mooresboro, North Carolina, and also involved various commercial agreements between the parties.

A team from Akin Gump, led by corporate partner Iain Wood (Picture), advised American Zinc Recycling in the matter. Mr. Wood was joined by corporate associates Evan Goodman, William Pelak and Jacqueline Lewis.

Involved fees earner: Iain Wood – Akin Gump; Evan Goodman – Akin Gump; William Pelak – Akin Gump;

Law Firms: Akin Gump;

Clients: American Zinc Recycling LLC;

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Author: Ambrogio Visconti