Shearman And Sterling

News July 11, 2022

Tarsadia Sells 100% of its Investment in Igneo Holdings to Korea Zinc

Shearman & Sterling represented Tarsadia Capital in connection with the sale of 100% of its interests in Igneo Holdings (Igneo) to Korea Zinc, in connection with a majority investment by Korea Zinc in Igneo valued at approximately $332 million.

Tarsadia Capital is the New York based investment management vehicle of Tarsadia, a multi-billion dollar single family office.

Igneo is a global recycling company that transforms low-grade electronics scrap into a high-grade, sustainable copper concentrate.

Korea Zinc, a publicly traded, general non-ferrous metal smelting company, is principally engaged in manufacturing and marketing non-ferrous metal products.

The Team