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Consortium Offers Sherritt Intl. Recapitalization Plan
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Consortium Offers Sherritt Intl. Recapitalization Plan
A consortium led by an undisclosed U.S. anchor investor, Kyma Capital Ltd., Trifon Natsis, and Glencore Ltd. has presented a non-binding recapitalization proposal to Sherritt International Corp., aiming to assist the Canadian mining company amid challenges posed by U.S. sanctions on Cuba. This proposal, submitted to Sherritt’s board of directors in late June, is now being made public to allow stakeholders to evaluate potential alternatives. If a…
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