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China’s Cedar acquires UK-headquartered Stemcor

Cedar Holdings Group Co Ltd, a privately-owned commodities investment company in China with quite some exposure in the domestic bulk commodities market, has expanded its presence by fully acquiring the UK-headquartered Stemcor Global Holdings Ltd on January 21 Swiss time, according to the two companies’ press releases.
The signing ceremony was held at the Guangzhou Night event at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, formally marking Cedar’s complete control of Stemcor, though the fulfillment of the deal is subject to various completion conditions and approvals, which Stemcor and Cedar will jointly work on to achieve during the first

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