ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

GLNCY Glencore Plc (PK)

11.44
0.13 (1.15%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Glencore Plc (PK) USOTC:GLNCY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.13 1.15% 11.44 11.28 11.47 11.44 11.2485 11.30 360,125 21:03:12

Glencore Pushed for Coal Unit Spin-Off by Activist Investor, FT Reports

14/02/2022 8:41am

Dow Jones News


Glencore (PK) (USOTC:GLNCY)
Historical Stock Chart


From May 2021 to May 2024

Click Here for more Glencore (PK) Charts.

--Glencore PLC is being pressed by an activist investor to spin-off its coal division and reduce production by using a dual-share structure, the Financial Times reports.

--Bluebell Capital Partners, a London-based hedge fund, wrote to the Anglo-Swiss commodity mining and trading company setting out a demerger plan, which involves creating a separate coal company with A and B shares, the Financial Times reports.

--Bluebell had called upon Glencore to separate its thermal coal business in November, arguing it was a barrier to investment, and now says coal makes Glencore less-attractive as a merger or takeover target, the Financial Times reports.

 

Full story: https://on.ft.com/3BhdLS4

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

February 14, 2022 03:26 ET (08:26 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Glencore (PK) Chart

1 Year Glencore (PK) Chart

1 Month Glencore (PK) Chart

1 Month Glencore (PK) Chart

Your Recent History

Delayed Upgrade Clock