Glencore to Convert Rusal Holding into En+ Shares After London Listing

Glencore to Convert Rusal Holding into En+ Shares After London Listing. Commodities company Glencore has an 8.8% shareholding in UC Rusal, which will be converted into global depositary receipts representing En+ shares, after their IPO. The transaction will also allow Glencore to appoint a representative to En+'s board of directors. En+ noted the conversion will take its own shareholding in Rusal to 57% from 48%.

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