Glencore to swap Rusal stake for shares in Russia's En+

En+ said the swap will occur after it completes its initial public offering, which is due later this year. Glencore will be entitled to appoint its chief executive to the board of directors of En+ after the share swap. Glencore will be entitled to appoint its chief executive to the board of directors of En+ after the share swap. The price and Glencore's stake in En+ have yet to be determined.

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