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Home arrow News & Interviews arrow News October 2008 arrow Nyrstar Sells JV Stake, Best Buy Opens Beijing Store
Nyrstar Sells JV Stake, Best Buy Opens Beijing Store PDF Print E-mail

By Peter Bachmann, on Wednesday, 15 October 2008

Published in : The News, News October 2008


Nyrstar Sells China JV Stake
Belgium-based Nyrstar, the world's largest zinc producer, intends to sell its 60 per cent stake in Yunnan Zinc Alloys to its joint venture partner Yun Tong Zinc, the company said in a statement. The sale pric eis not yet fixed, but Reuters reports that Nyrstar should fetch a tleast RMB87m. The deal is reportedly expected to be closed by March 2009.

 

Best Buy Opens Beijing Store
Electronics retailer Best Buy will open its first store in Beijing in November 2008, local media reports. The new outlet will be located in the SciTech Shopping Center, and cover an area of 480 square metres. The U.S. retailer has not supplied any further information about the investment. So far, Best Buy operates two stores in China, both are located in Shanghai.

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Last update : Wednesday, 15 October 2008

   
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Keywords : Nyrstar, Zinc, Yunnan, JV, Best Buy, Electronics, Retail, Beijing


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