27, June 2015: Benckiser Roth (benckiser-roth.com), a leading commodity markets broker and provider of post trade risk mitigation and information services, has this week signed an agreement to acquire a 30 percent equity stake in a Copper Smelter Company. The agreement, which is subject to regulatory approval, includes a multi-year supply and off-take arrangement corresponding to Benckiser Roth’s shareholding percentage for the 100,000-tpy copper smelter located in China’s southern coast, which began production late last year. The name of the company will be made public at a further date upon the completion of the negotiations.
Mr. Richard Man-kuen, CEO for Benckiser Roth said “The organisations have joined hands to bring into play their respective advantages. This will enhance the market competitiveness of our company and widen the areas of cooperation between the two organisations. We expect that this new partnership will help promote local economic and social development and achieve a win-win cooperation.”
“We are very happy to be given the opportunity to invest in the Copper Smelter Company, which we believe is a first class copper asset,” said Richard Man-kuen, CEO for Benckiser Roth. “We have worked with the company for many years and through this agreement we will further strengthen our relationship with them. The company has an excellent reputation in non-ferrous mining and smelting industries, both in and outside of China.”
Allan Tang, Benckiser Roth’s Head of Non-Ferrous and Bulk added: “As one of most sought trading companies in non-ferrous metals we will bring our long-term relationships with producers, reliability and commercial experience to this partnership. We’re proud to be the first trading firm to make a major co-investment in the smelting business.”
About Benckiser Roth:
Benckiser Roth (www.benckiser-roth.com) is a professional commodity broker. The company’s mission is to provide investors with consistent profits, while managing risk. In pursuit of this mission, the firm pledges to operate transparently, with a dedication to the highest ethical and regulatory standards in the business. Benckiser Roth adapts the products and services to meet the customers’ unique requirements. As an Introducing Broker handling all commodities, futures and options on futures contracts traded on all the major futures exchanges, the firm provides an unparalleled level of service, both personally and electronically, to sustain the long-term successful business relationships.
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