PARIS--(BUSINESS WIRE)--MTL Index, the leading French company in trading strategic industrial metals and rare earths, has announced an agreement on the acquisition of a stake in its equity by ASIA AXA METAL, based in Hong Kong. The acquisition of a 40% stake by the Chinese company will enable MTL Index to continue to grow. The acquisition was approved at the most recent general meeting of shareholders.
Mr. Chun Huang, member of the executive board of ASIA AXA METAL,
a Franco-Chinese investment banker, formerly at CCF, ABN AMRO
and Leonardo Bank, has taken over the group's leadership.
"We are delighted with this agreement and the opportunity to become part of a group which, in just a few years, has become a strong force in the sector". "The fact that prices and the market are at their lowest level for five years has also been a decisive factor. The timing is perfect! We are confident in the sector's growth prospects. We think our know-how will enable us to implement economies of scale swiftly and continue to develop the group," said Chun Huang on the day of his appointment.
About MTL Index
MTL Index specialises in trading industrial and strategic metals and rare earths.
Information at www.mtlindex.com
About Chun Huang
Mr.Chun Huang started his career in 1994 in the mergers and acquisitions department of Crédit Commercial de France in Paris and then in Hong Kong, where he helped to list several companies on the exchange and to develop French groups in China. After working for a period at ABN AMRO, in 2004 he joined the investment firm Prado Finance, and was chief executive there until 2009. Chun Huang then became financial director of the property group Eurasia, the leading listed company owned by Chinese people living in France. Find Chun Huang's CV at www.linkedin.com/pub/chun-huang/1a/9b0/192
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