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Commodities Briefing - Categorized | Investment, Market Moves more

Glencore IPO closer after GBP2bln fund-raising

Posted on 24 December 2009

From Telegraph: Glencore, the secretive Swiss-based natural resources group, faces up to $500m (£313m) in punitive charges if it does not float or merge with another company by 2013. Glencore is one of the world’s largest producers and traders of commodities and raw materials.
In exchange for the cash injection, Glencore has agreed to work towards an initial public offer (IPO) or merger within three years…………………………………..Full Article: Source

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