Independent journal on economy and transport policy
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Glencore confirmation the Hypo from 9-11 billion dollars
To the end of May the debut on the lists of the Stock exchanges of London and Hong Kong. Sul market the 15-20% of the society
April 14, 2011
The Helvetic group Glencore International plc, one of the world leaders of the field of the commodities, has made official today the intention to introduce an initial public offer for own quotation is to the Stock exchange of London that to the Stock exchange of Hong Kong. Glencore has specified that the Hypo will be relative to a quota pairs to the 15-20% of the capital stock of the society emitted after the completion of the offer, that is previewed within the end of the next month, and that the offer will have a value of about 9-11 billion dollars.
The Swiss group has explained that the objective of the initiative is to collect resources in order to increase the quota Glencore in the mining society Kazakh Kazzinc, to finance investments in the arc of next the three years and to reduce the indebtedness.
We remember that Glencore work also in the field of the transport of raw materials. In this section it has among other things constituted through the society integrally controlled ST Shipping joint venture Glenda International Shipping with of Tankers Friend, than work a fleet of tankers, and joint venture with the Norden Danish dedicated to the coal transport from Russia.
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