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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Glencore Plc | LSE:GLEN | London | Ordinary Share | JE00B4T3BW64 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.70 | -0.15% | 474.30 | 475.65 | 475.75 | 478.40 | 467.90 | 473.80 | 84,818,440 | 16:35:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Nonmetallic Mineral Pds, Nec | 217.83B | 4.28B | 0.3508 | 13.56 | 58.04B |
By Adam Clark
Glencore PLC (GLEN.LN) will convert its shareholding in Russian aluminum company UC Rusal into shares of its major shareholder, En+ Group, following its initial public offering on the London and Moscow stock exchanges.
Commodities company Glencore has an 8.8% shareholding in UC Rusal, which will be converted into global depositary receipts representing En+ shares, after their IPO. En+ has previously announced its intention to list on the London and Moscow markets in November, raising up to $1.50 billion.
En+ noted the conversion will take its own shareholding in Rusal to 57% from 48%. The transaction will also allow Glencore to appoint a representative to En+'s board of directors.
Shares in Glencore closed down 1.2 pence at 374.65 pence on Wednesday.
Write to Adam Clark at adam.clark@dowjones.com
(END) Dow Jones Newswires
October 18, 2017 13:21 ET (17:21 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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