Glencore welcomes First Reserve Announcement

RNS Number : 8372N

Glencore International PLC

07 September 2011

 



Baar, Switzerland                                                                                       7 September, 2011

GLENCORE WELCOMES FIRST RESERVE INTERNATIONAL'S ANNOUNCEMENT

Glencore International plc ("Glencore") notes the announcement by First Reserve International ("First Reserve") on the launch of the sale of USD800 million of Glencore Finance (Europe) S.A. Guaranteed Convertible Bonds due 2014 and their stated intention to invest the net proceeds in Glencore ordinary shares.

Glencore welcomes the acceleration of the process by which First Reserve becomes an ordinary shareholder in Glencore and is looking forward to continuing the strong relationship that has been built thus far.

For further information, please contact:

Paul Smith (Investors)                           Simon Buerk (Media)                  Finsbury (Media)

t: [phone]                             t: [phone]                Guy Lamming

m: [phone]                           m: [phone]               Dorothy Burwell

e: [e-mail]                  e: [e-mail]    t: [phone]

Charles Watenphul (Media)

t: [phone]

m: [phone]

[e-mail]

About Glencore International plc

Glencore is one of the world's leading integrated producers and marketers of commodities, headquartered in Baar, Switzerland, and listed on the London and Hong Kong Stock Exchanges. Glencore has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Products.

 

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