Trafigura and IFM enter into long-term partnership
Published by Alex Hithersay,
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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