Commodities have never been hotter, making for the perfect climate to list US$11 billion (Dh40.4bn) of shares in the world's biggest commodities trader.
Market commentators say an initial public offering (IPO) by Glencore, which values the Swiss commodities trading giant at about $61bn, will encourage a number of major mergers and acquisitions in a sector already benefiting from soaring prices.
The first of these deals could involve Xstrata, a global mining group that has sent strong signals it wants eventually to merge with Glencore.
No comments:
Post a Comment