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Glencore underwrites Anaconda issue

WHAT'S Glencore up to? Has Forrest pulled one out of the hat? First impressions are that he has after Anaconda Nickel late this evening announced a $92.7 million rights issue, underwritten by the Swiss commodities giant.

Greg Tubby

However, an Anaconda spokesman said he was unsure how Glencore International intended to vote its 22.73% of stock at tomorrow's crucial EGM, called by Anglo American to overthrow founding chief executive...

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