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Glencore prepares for London listing
Mon, 21 May, 2012
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Glencore prepares for London listing
Mon, 28 Feb 2011, 17:36:00
Commodities giant Glencore has been briefing analysts ahead of a floatation that could value the Swiss-based firm at as much as $60bn (£36m).

"While no final decision has been taken, an IPO remains one of the options," Reuters quoted a source as saying.

A London listing would see Glencore joining the FTSE 100.

Qatar's prime minister Sheikh Hamad bin Jassim bin Jabr al-Thani said the wealthy Gulf state is considering taking stake in the company.

"We are studying the matter at the moment; I believe we will have a meeting here in Doha in the next two days," he said.

Reports say Glencore's IPO could be done and dusted in April. 
 

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