Qatar SWF Backs Glencore in Capital Raise

Posted on 09/17/2015


Switzerland-based Glencore PLC, the struggling commodities mammoth, raised £1.63 billion by issuing new shares to a niche group of institutional investors. Glencore issued 1.31 billion new shares at 125 pence per share. This was at a 2.4% discount to September 17 closing share price of 128.05 pence per share. The new shares issued are equal […]