Deal finalised December 2023; completed March 2024. IRH (part of Abu Dhabi’s IHC) injected US$620m of new equity for 51%, plus a ~US$400m shareholder loan to part-settle the US$1.5bn Glencore-era debt; ZCCM-IH retains 49%. Target: 200,000tpa copper within three years (2022 output: 72,694t). Zambia’s landmark post-default privatisation reversal.
Value: US$1.1bn (verified against public announcements).
Advisers: No legal adviser is identified in the public record reviewed by The Meridian.
Recorded by The Meridian research desk from public announcements, regulatory filings and financial press coverage. Dates and values are as publicly reported.
