London—Dentons is pleased to announce that it has successfully completed a sale for Minmetco Limited (Minmetco) on the company's 75 per cent majority interest in Metdist Trading Limited, the UK metals trading firm, to CCB International Securities Limited (CCB). The sale was completed on 6 April 2016.  Upon completion Metdist Trading Limited has been renamed CCBI Metdist Global Commodities (UK) Limited (CCBI Metdist). 

CCBI Metdist has now become the first London Metal Exchange Ring Dealing Member - the top category of member that allows trading of metals through floor brokers - with a Chinese bank background. The purchase is part of CCB's strategy to expand into the base metals and global commodities market. Minmetco has retained a 25 per cent interest in the company.

The Dentons team was led by corporate partner Jeremy Cohen, who was assisted by senior associate Joseph Altendorff, associate Alison Wu.

For more information about the deal, click here

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