Zambia's state mining company ZCCM-IH is buying out every shareholder with fewer than 100 shares at the Lusaka price +5%. Its shares trade ~35% cheaper in Paris. Buy 99 there, hold, get bought out. About €240 profit by early January, if the offer completes.
days left to buy. Last day to buy in Paris is 16 Dec 2026. IBKR account approval takes a few days, so start now.
3 steps. Then do nothing.
1
Open IBKR
Interactive Brokers gives you access to Euronext Paris, where ZCCM trades. Approval usually takes 1–3 days. Enable stock permissions for France / Europe.
Search MLZAM or ISIN ZM0000000037. Buy exactly 99 or fewer with a limit order around €4.40–4.50, good-till-cancelled. It trades in auctions, so it can take a day to fill.
3
You're in the offer
No form needed: holders who don't respond are automatically accepted. Keep the shares past 18 Dec. Cash lands in your IBKR account around 23 Dec – 4 Jan.
Check your IBKR corporate action notifications in case they ask anything. Never buy 100+ shares: that takes you out of the odd-lot offer.
Timeline
Today
18 Nov
Shareholder vote
23 Nov
Offer opens
9 Dec
Final price set
16 Dec
Last day to buy
18 Dec
Record date, FX fixed
23 Dec – 4 Jan
Cash paid 💶
Why the risk is small
What you can lose vs make
−20%
+55%
Vote fails, stuck in an illiquid stock (my estimate)Offer pays out