Glencore has completed its acquisition of voting shares of Volcan Compania Minera.
Glencore announced on 3 Oct that it intended to make a public tender offer for up to 48.19% of the total class A common shares of Volcan at US$1.215 apiece. It said the offer had now closed.
It said shareholders had accepted the offer in respect of 603 million class A common shares representing 36.92% of the class A common shares Glencore said it now held 55.03% of the total class A common shares (62.96% of the class A common shares excluding treasury shares) and would have an economic interest in Volcan of 23.29% (including the class B common shares and excluding treasury shares).
At 8:10am: (LON:GLEN) Glencore PLC share price was +2.08p at 364.68p