ZCCM Investments Holdings Plc (ENXTPA:MLZAM) entered into an agreement to acquire remaining 90% stake in Mopani Copper Mines Plc for $1 on January 19, 2021. Under the terms, on completion a transaction debt of $1.5 billion will remain owed by Mopani to Glencore group creditors on the following terms. After completion of the sale, Glencore will retain offtake rights in respect of Mopani's copper production until the Transaction Debt has been repaid in full. Mopani has been funded by borrowings from Carlisa and other members of the Glencore group. The transaction is subject to regulatory approvals, including LuSE, Securities and Exchange Commission, relevant competition authorities and approval by Board and shareholders of ZCCM Investments. The transaction is expected to close in next three months. As on February 3, 2021, The transaction is expected to close in H1 2021. As on March 9, 2021 the deal is expected to close on March 31, 2021. Corpserve Transfer Agents Ltd acted as a transfer agent to ZCCM.