AD Holdings

OpenCalais Metadata: Ticker

HCEN

OpenCalais Metadata: LegalName

Holding Center AD

Larco sale deal is called off

The planned sale of indebted and idle state mining firm Larco has been called off, the Ministry of Finance announced Monday.

Market analysts had long expected the move. It was made inevitable Friday, when GEK Terna and AD Holdings, the consortium chosen to buy Larco's assets and the accompanying mining rights, informed the ministries concerned of its decision to pull out of the deal.