Glencore secures HK exchange nod for planned $10 bln IPO -sources

HONG KONG, April 1 (Reuters) – Glencore International AG
, the global commodities trader, has secured approval
from Hong Kong’s stock exchange for its planned initial public
offering, which could raise about $10 billion, sources with
direct knowledge of the matter told Reuters on Friday.

Glencore is considering a dual listing in London and Hong
Kong and the approval from Hong Kong exchange is the strongest
sign yet that that the company is expected to proceed with the
offering.

Glencore declined to comment.

Glencore’s listing application was considered by the Hong
Kong exchange at a scheduled meeting on Thursday.

(Reporting by Fiona Lau and Denny Thomas; Editing by Chris
Lewis)

Glencore secures HK exchange nod for planned $10 bln IPO -sources