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Note: Up for grabs - Family company holds largest single stake
A foreign company could take a stake in Peru's Volcan Compania Minera after the shares that former president and main shareholder Roberto Letts Colmenares owned in the miner were transferred to relatives following his recent death.
"Rumours of a possible acquisition by a company such as Glencore or Trafigura have been all over the market," a Peruvian metals and mining analyst told MB.
"Glencore and Trafigura already own shares in Volcan, so they are natural potential buyers, but I would also mention [Brazil's] Votorantim Metais and Xstrata in terms of possible takeovers," a second analyst pointed out.
Companies in China are also likely to be interested in Volcan (see box).
Volcan's capital comprises almost 853 million A class shares and 1.27 billion B class shares,...