| 29.04.2011 - Glencore float to have backing from sovereign wealth funds |
| China Investment Corporation (CIC), Temasek of Singapore, and Korea Investment Corporation have agreed to underpin the Glencore IPO, say City pundits. Glencore has lined up a number of Asian sovereign wealth funds as "cornerstone investors" for its flotation on the London and Hong Kong stock exchanges next month, with the commodities company looking for a market price tag of up to $73bn (£44bn)..............................................Full Article: Source |