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

  • Listed: April 1, 2011 11:23 am

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* Hong Kong approval has long shelf life * Next expected step to issue intention to float document in London (Adds details, background) By Denny Thomas and Fiona Lau HONG KONG, April 1 (Reuters) – Glencore International AG , the global commodities trader, has secured approval from Hong Kong’s stock exchange as part of its planned global initial public offering, which could raise about $10 billion, sources with direct knowledge of the matter told Reuters on Friday. The Hong Kong stock exchange approval does not stipulate any deadline for Glencore to launch the IPO, but it is an important step in achieving the company’s listing objectives. Glencore is considering a dual listing in London and…

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