Swiss Commodities Giant Announces Plan For $11 Billion Initial Public Offering

Thursday, April 14, 2011 07:20
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Swiss Commodities Giant Announces Plan For $11 Billion Initial Public Offering

Tags: commodities

Glencore International AG will sell up to a 20% stake to investors when it goes public in May.

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Glencore will list its stock on the London and Hong Kong stock exchanges.

 

Commodities prices continue to rise, and Glencore is involved in the production, sourcing, marketing and distribution of commodities including aluminum, nickel, copper, crude oil, coal, grains, cotton and sugar.
 

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