Details

Autor(en) / Beteiligte

• Yafie, R C

Titel

Noranda Seeking Rudolf Wolff Sale

Ist Teil von

• American metal market, 1985-12, Vol.93 (248), p.1

Erscheinungsjahr

1985

Beschreibungen/Notizen

• Noranda Inc., Toronto, Canada, is seeking to sell Rudolf Wolff & Co. Ltd., the ring-dealing member of the LME, as part of its continued effort to raise cash to offset mounting financial losses. The move comes at a time when Wolff, a founding member of the exchange, is expanding its business opportunities in the financial and energy markets rather than in metals. Noranda has stated that it intends to reduce its debt by $1 billion Canadian, or one-sixth of its assets, without affecting Noranda's core businesses in mining, smelting and refining. (News Brief).