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Glencore Plans $10B London, HK Listing
Glencore International is planning a dual listing of its shares in Hong Kong and London.
Glencore Internationalis planning a dual listing of its shares in Hong Kong and London,The Wall Street Journalreports. The Swiss commodities trader is seeking to raise between $7 billion and $10 billion from the sale.
The Baar-based company plans to raise around $2-2.5 billion in Hong Kong as part of the public offering, addsBloomberg.Citigroup,CreditSuisseandMorganStanleyhave been appointed to manage the IPO.
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