Glencore is expected to sell a 15% to 20% stake with an estimated value of $9 to 11 billion. Reuters reports that Barclays Capital and Credit Suisse have released valuations that place Glencore at $52.5 to $69.2 billion. The Reuters article also released additional information about the valuations.
To read the Reuters article, please click here:
http://www.reuters.com/article/2011/04/16/us-glencore-valuation-idUSTRE73F20U20110416
Jim Sutliff