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    NYR   BE0974294267

NYRSTAR NV

(NYR)
Real-time Euronext Bruxelles  -  11:35 2022-11-29 am EST
0.1690 EUR   -3.98%
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Stolberg lead plant remains shut while awaiting sale approvals

09/30/2022 | 09:11am EST
FILE PHOTO: Trafigura logo is pictured in the company entrance in Geneva

LONDON (Reuters) - Germany's Stolberg lead plant has not reopened because its sale to Trafigura has not been completed, the commodities group's Nyrstar metals business said on Friday.

The plant, located in the west of Germany, was sold to Trafigura in July and was due to reopen after the sale was finalised.

"We currently do not have an update on when we expect to receive the relevant regulatory approvals," Nyrstar told Reuters.

"We plan to restart the facility after all closing conditions and receipt of regulatory approvals to transfer the assets have been obtained and when the plant is technically ready."

The plant, also known as Berzelius Stolberg, was among several German industrial businesses damaged by massive flooding in the west and south of the country in summer 2021 and declared force majeure on its contracts.

The Stolberg smelter largely supplies European battery producers with lead.

Stolberg produces 155,000 tonnes of lead and more than 100 different specifications of lead alloys as well as 130,000 tonnes of sulphuric acid.

(Reporting by Eric Onstad; Editing by David Goodman)


ę Reuters 2022
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Financials
Sales 2021 - - -
Net income 2021 -0,96 M - -
Net cash 2021 7,07 M - -
P/E ratio 2021 -24,1x
Yield 2021 -
Capitalization 18,6 M 19,2 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees 9
Free-Float 60,5%
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Managers and Directors
Daniel G. Vanin Chief Executive Officer
Karl S÷derberg Chief Financial Officer
Martyn Konig Executive Chairman
Gregory Belland Global Head-Technology Service
Guido Janssen Vice President-European Operations
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