Glencore Sells Shares to Raise $2.5 Billion and Reduce Debt

Updated on
  • Swiss miner and trader sold shares at 125 pence apiece
  • Sale is part of debt-reduction plan announced last week

Glencore Plc, the worst performer on the U.K.’s benchmark stock index this year, sold $2.5 billion of new shares to pay down debt to help protect its credit rating amid a rout in commodities prices.

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