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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 | |
---|---|---|---|---|---|---|---|---|---|---|
13.05 | 2.87% | 468.05 | 467.95 | 468.05 | 468.80 | 459.40 | 460.00 | 6,943,550 | 15:12:26 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Nonmetallic Mineral Pds, Nec | 217.83B | 4.28B | 0.3508 | 13.35 | 57.15B |
By Max Bernhard
Katanga Mining Ltd. (KAT.T) said Thursday that it plans to raise 7.6 billion Canadian dollars ($5.77 billion) in a rights offering to repay debt to Glencore PLC (GLEN.LN), its majority shareholder.
"Glencore has agreed to accept the rights offering proceeds of approximately C$7.6 billion or the equivalent in common shares issued from treasury under the rights offering to repay US$5.8 billion of debt to Glencore," Toronto, Canada-listed Katanga said.
The company operates a copper and cobalt mine complex in the Democratic Republic of Congo. British-Swiss mining giant Glencore isn't committing any new monies to Katanga as a result of the rights offering, it said.
Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard
(END) Dow Jones Newswires
November 07, 2019 10:02 ET (15:02 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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