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MRE Metrics Real Estate Multi Strategy Fund

1.935
0.00 (0.00%)
27 Jan 2025 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Metrics Real Estate Multi Strategy Fund ASX:MRE Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.935 1.935 1.94 0.00 00:00:00

Glencore CEO: Looking For Buyout Deals; Doesn't Address Xstrata-Paper

26/08/2011 6:58pm

Dow Jones News


Metrics Real Estate Mult... (ASX:MRE)
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Glencore International PLC (GLEN.LN) will keep looking for buyout deals to snap up, Chief Executive Ivan Glasenberg says in an interview appearing in Saturday's edition of Finanz und Wirtschaft, shortly after the Swiss-based commodities trader launched a A$1.02 billion (US$1.07 billion) offer for Australian nickel miner Minara Resources Ltd. (MRE.AE).

"We are always looking for acquisitions. The fact is, competitors are dramatically cheaper now than they were six months ago," Glasenberg is quoted in an advance print released Friday by Finanz und Wirtschaft.

The Minara bid represents Glencore's first corporate takeover since its May stock floatation.

Glasenberg declined to comment in the interview on whether Glencore could lift its 34.5% stake in Anglo-Swiss miner Xstrata PLC (XTA.LN).

-By Katharina Bart, Dow Jones Newswires; +41 43 443 8043; katharina.bart@dowjones.com

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