Frisco May Increase Minera Tayahua Stake

该弗里斯科may acquire 40.2% of additional equity in miner,Minera Tayahua,The Wall Street Journalreports. Frisco is also planning to issue about 250 million new shares at an expected price of $4.47 per share if the Tayahua deal is completed.

The minority shareholders of Tayahua may acquire about 120.3 million Frisco shares if they are not bought by the current shareholders. Frisco, which was spun off fromCarlos Slim’s conglomerateGrupo Carsoand began trading on Jan. 6, 2011, already owns 51% of Tayahua.

Click here for the story fromThe Wall Street Journal.

Click here for the additional coverage fromReuters.