03.05.2011 - Sovereign wealth funds line up for Glencore shares
Sovereign wealth funds from Singapore and the Middle East are in advanced talks to acquire shares in Swiss commodities giant Glencore International AG's dual listing on the London and Hong Kong stock exchanges, according to people familiar with the situation. Glencore is looking to raise as much as US$12.1 billion in its initial public offering and has been searching for large investors to turbo-charge its share sale. These so-called cornerstone investors are swapping certainty that Glencore will allocate them shares during the offering in exchange for not selling the shares for at least six months..............................................Full Article: Source
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