Glencore is a name little known outside insider. Yet it is a giant commodities trading, not hesitating to invest around the world. The firm, based in the Swiss canton of Zug, was established by the sulfur trader Marc Rich. Today a partnership, which has said it was the "Goldman Sachs" of its activities. It is a partner and a very important customer investment banks active in the commodities sector and mining. very committed to the discretion, Glencore has yet to decide to go public, what should be done in the second quarter, the London Stock Exchange. The company is valued at approximately USD 60 billion. It should merge with the mining group Xstrata, which it already controls, which should increase the value of total around 100 billion USD. This is a huge IPO, the largest in Europe, from large privatization.
Why Glencore has decided to rate? i) to maximize flexibility and be able, like its competitors, "paying paper" acquisitions (eg for the likely merger with Xstrata) ii) to enable partners to liquefy a heritage become significant.
An important consequence will be to acknowledge again the component raw materials "from the London Stock Exchange and FTSE, which already includes giants like BHP Billiton, Rio Tinto, Anglo American, Xstrata and others.
We therefore read with interest, linked along "report" that Reuters has just devoted to Glencore, and at least the post's comments Reuters blogger, Felix Slamon.
-Felix Salmon's comments
http://blogs.reuters.com/felix-salmon/2011/02/25/why-glencores-going-public/
-Reuters Report on the Glencore:
http://uk.reuters.com/article/2011/02/25/uk-glencore-idUKTRE71O1AX20110225?pageNumber=1
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