Trafigura Accused of Throttling Nyrstar With Lopsided Deals
- A group of Nyrstar investors filed a lawsuit in Belgian court
- The documents include contracts between Nyrstar and Trafigura
Photographer: Daniel Acker/Bloomberg
This article is for subscribers only.
Commodities trader Trafigura Group Ltd. used its influence at Nyrstar NV, one of the world’s biggest zinc refiners, to undermine the company and unfairly enrich itself, a group of Nyrstar shareholders has alleged.
Through its sway on the board and management committee, Trafigura was able to negotiate lopsided contracts that effectively drained cash from Nyrstar since 2016, contributing to the company’s collapse, the shareholders said in a recent lawsuit in Belgium.