Belgium’s Financial Services and Markets Authority (FSMA) has expanded an investigation it started in September into zinc group Nyrstar, which is now owned by commodities trader Trafigura, the regulator said on Friday. Nyrstar underwent a major restructuring last year to avoid bankruptcy, during which Trafigura stepped in to raise its stake in Nyrstar’s operations to 98%. The remaining 2% is held by other shareholders through another entity called Nyrstar NV. The FSMA said in a statement that its initial investigation had focused on Nyrstar’s commercial relationship with Geneva-based Trafigura but it had now been ... (full story)