Trafigura and IFM enter into long-term partnership
Published by Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
Trafigura Group Pte Ltd has entered into an agreement for IFM Global Infrastructure Fund to invest in certain of Trafigura’s wholly-owned assets operating as Impala Terminals for an undisclosed sum and for a long-term partnership with global fund manager IFM Investors.
The 50:50 joint venture (JV) will own and operate a network of concentrates terminal infrastructure in Mexico, Spain and Peru, which play a role in the movement of copper, lead and zinc.
The JV will also include fluvial operations in Paraguay and a Swiss based operation which provide global freight forwarding and multimodal transportation services in the African copperbelt for Trafigura and third party clients.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/12102018/trafigura-and-ifm-enter-into-long-term-partnership/
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