Linklaters and CC set for roles on landmark $10bn-plus Glencore IPO
Linklaters and Clifford Chance (CC) are in line to take lead roles on commodities trader Glencore's planned initial public offering (IPO), which is set to value the company at around $60bn ($36.7bn). The offering, likely to become the largest ever in London, will see the Swiss-based company sell a 20% stake worth between $10bn (£6.1bn) and $12bn (£7.3bn).
April 12, 2011 at 04:21 AM
2 minute read
Linklaters and Clifford Chance (CC) are in line to take lead roles on commodities trader Glencore's planned initial public offering (IPO), which is set to value the company at around $60bn ($36.7bn).
The offering, likely to become the largest ever in London, will see the Swiss-based company sell a 20% stake worth between $10bn (£6.1bn) and $12bn (£7.3bn).
Linklaters is understood to have taken a lead role for the issuer, fielding a team led by London corporate partner Charlie Jacobs, assisted by US-qualified corporate partner Patrick Sheil, Hong Kong finance partner Robert Cleaver and London-based energy chief Owen Clay.
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