Glencore Surges as It Wins Vote of Confidence on Refinancing

  • Stock rallies to highest in three months in London trading
  • Banks including ABN Amro, ING, HSBC running the process

Glencore Plc shares surged after Chief Executive Officer Ivan Glasenberg won a vote of confidence from lenders in his ability to steer the mining company through a downturn in commodities and restore the Swiss trader to financial stability.

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