The world’s largest commodity trader: Glencore (GLNCY) (1974)

Glencore Plc (OTCMKTS: GLNCY, LSE: GLEN, Hong Kong Stock Exchange: 0805) was founded in 1974, formerly known as Glencore Xstrata plc, which was changed to its current name in May 2014, headquartered in Baar, Switzerland, full-time employees With 145,977 people, it is the world’s largest commodity trader, mainly engaged in the production and marketing of metals, minerals, energy products and agricultural products.

Glencore Logo

Glencore (GLNCY):

Glencore is a Swiss company. Like the Goldman Sachs Group in the banking industry , in the world of physical transactions, the world’s largest company Glencore, which is a private partnership, is everywhere and is subject to controversy. As a company with a turnover higher than Nestlé , Novartis and UBS , its business network covers 40 countries, with more than 2,000 traders, lawyers, accountants and other professionals, and immediately received information about Central Asia Petroleum or South Asia Cane Sugar Various market and political intelligence. Its young, arrogant, and outstanding employees dominate in their respective markets.

The senior figures of Glencore have good personal relationships with Russian oligarchs and African mining giants. Like Goldman Sachs, Glencore, with its own influence, can get the most favorable terms in all transactions involved.

Glencore (GLNCY) History:


Glencore launched a public offering in 2011, offering 1.25 billion shares, including new shares valued at US$7.9 billion and existing shareholders selling old shares valued at US$2.1 billion. The offer price ranged from 480 to 580 pence (61.24 to HK$79.18 per share). ). Glencore has introduced 12 basic investors, including Aabar Investment Company, Blackstone Group , Singapore Government Investment Corporation, Credit Suisse , Swiss Bank and Zijin Mining. Glencore finally set the offer price at 530 pence (HK$66.35) per share, and the total amount of funds raised is approximately US$10 billion. The shares began conditional trading on the London Stock Exchange on May 19, and were listed and traded unconditionally on the London Stock Exchange and the Hong Kong Stock Exchange on May 24 and May 25, respectively.

Glencore’s main subsidiaries, joint ventures and joint ventures include: Russia’s United Aluminum Corporation, Xstrata Co., Ltd., Katanga Mining Co., Ltd., Witfa Corporation and other famous companies.

On February 3, 2012, Glencore officially merged with its associated company Xstrata at a total consideration of approximately US$80 billion (HK$640 billion). After the merger, it became the world’s largest mining company.

In March 2012, Glencore announced that it would purchase Viterra, the largest food processor in Canada (formerly TSX:VT, ASX:VTA), for 6.1 billion Canadian dollars. After the transaction is completed, Glencore will sell part of Witfa Corporation’s Canadian assets to Agrium and Richardson for $2.6 billion .

On September 17, 2013, Glencore Xstrata sold its noodle maker Dakota Growers Pasta to US food manufacturer Post Holdings for US$370 million in cash. Dakota Growers is part of the earlier acquisition of Witfa Corporation.

May 8, 2014, Glencore Xstrata announced the official appointment of British Petroleum (BP), former CEO Tony – Hayward chairman.

On December 9, 2016, the Russian government sold 19.5% of Rosneft ‘s shares to Glencore and Qatar’s sovereign fund for 10.5 billion euros (approximately US$11.3 billion), each of which will own 9.75% of Rosneft.

On October 31, 2017, Glencore announced that it would withdraw its listing on the Hong Kong Stock Exchange on January 31, 2018. The reason is that the official listing of the British Listing Authority is on the Johannesburg Stock Exchange, and there are only a few in the Hong Kong shareholder register , About 0.3%, so it is not cost-effective.

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