LONDON, Sept 15 British mining and trading company Glencore said on Tuesday that it had launched a share placement representing almost 10 percent of its issued share capital, as part of a raft of previously announced plans to cut debt.
The firm said it would place up to 1.31 billion new shares, representing 9.99 percent of its share capital. The majority of those shares will be sold via accelerated bookbuild, with the remaining 22 percent taken up by management, it said in a statement.
14:29 Unilever rejects $143 billion Kraft Heinz bid as without merit20
09:14 Airbus seeks new talks with European nations over A400M costs15
07:15 Telefonica to sell up to 40 percent of Telxius to KKR for 1.3 billion euros21
12:33 Kraft Heinz to pursue merger despite Unilever rejection19