You are here

Glencore to cut debt further amid price plunge

Its shares have dropped 72% in London this year, and is the second-worst performer in the main index

BT_20151211_NAHGLEN11_2017971.jpg
The company has already scrapped its dividend, raised US$2.5 billion in a share sale, signed a US$900 million silver streaming deal and started talks on selling a stake in its agricultural unit.

London

GLENCORE plc, the Swiss commodities trader, said it will seek to cut its net debt to as low as US$18 billion by the end of next year, accelerating a programme aimed at reducing its liabilities as raw materials prices plunge.

The company is seeking to reduce its debt to

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom