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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

Sovereign funds boost Glencore

Posted on 08 June 2011

Switzerland-based Glencore International, a commodities trading and mining company, could have timed its initial public offering better. Amid the steepest decline in commodity markets in years, Glencore was looking last month to bring London’s largest-ever IPO to market.
The company was seeking to raise about $11 billion, including a $1 billion overallotment, in its dual-city offering………………………………………..Full Article: Source


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