Votorantim's Milpo has large stake in Atacocha

LIMA, Nov 10 (Reuters) - Peruvian zinc miner Milpo (MIL.LM), a unit of Brazil's Votorantim, said on Monday it holds 69.75 percent of mining company Atacocha's (ATA.LM)(ATB.LM) class A shares.

In a letter to Peru's stock exchange, Milpo also said it had arranged a five-year loan for $130 million, but did not say if the credit was related to its ownership stake in Atacocha.

Votorantim, which is the single largest shareholder in Milpo, announced last month that it would buy 84.54 percent of Atacocha's class A shares in a bid to consolidate its position as the world's No. 3 zinc producer. (Reporting by Jean Luis Arce and Terry Wade; Editing by Leslie Gevirtz)