CWT buys LN Metals International Limited

The acquisition is part of CWT’s ongoing development and expansion plans for its commodity supply chain management business.

CWT Limited announced that MRI Trading AG, its commodity supply chain management business arm, has entered into a Share Sale and Purchase Agreement to acquire the entire 100% stake in LN Metals International Limited from the respective current shareholders of LN for a total consideration of US$12,309,330.

LN was established in 1998 and is a global physical merchant that operates in the non-ferrous and minor metal markets, with an advisory business that delivers specialist services to the junior mining industry, and is an Associate Trade member of the London Metal Exchange.

The announcement said LN, which has principal operating offices in London and Beijing, will bring strategic competencies and expanded client base and geographical networks to MRI’s existing business.